Uptrend Extends *RES 4: 124.43.......>

EURO-YEN TECHS: Uptrend Extends

*RES 4: 124.43 HIgh Jun 5 and key resistance

*RES 3: 124.12 High Jun 8

*RES 2: 124.07 2.0% 10-dma envelope

*RES 1: 123.22 76.4% retracement of the Jun 5 - 22 downleg

*PRICE: 122.80 @ 10:46 BST Jul 20

*SUP 1: 121.82 Low Jul 15 and 16

*SUP 2: 121.47 Low Jul 14

*SUP 3: 120.70 Low Jul 13

*SUP 4: 120.26/27 Low Jul 1/10 and key S/T support

EURJPY continues to push higher and maintains a bullish theme. Last week, the

cross traded above the key S/T resistance of 122.50, Jul 15 and 16 high. The

break higher confirmed a resumption of the current bullish cycle that has been

in place since Jun 22. Attention is on 123.22, 76.4% of the sell-off between Jun

5 - 22. On the downside, support has been defined at 121.82, 15/16 Jul low. Key

trend support though does not arrive until 120.27, Jul 10 low.