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Vertical Ascent *RES 4: 123.25.......>

EURO-YEN TECHS
EURO-YEN TECHS: Vertical Ascent
*RES 4: 123.25 38.2% retracement 2018 - 2020 decline
*RES 3: 122.87 High Jan 16 and major resistance
*RES 2: 122.37 High Jan 21
*RES 1: 122.08 Intraday high
*PRICE: 121.93 @ 10:38 BST Jun 3
*SUP 1: 121.15 High Mar 25
*SUP 2: 119.62 Low Jun 2 and key near-term support
*SUP 3: 118.87 Low May 29
*SUP 4: 118.12 20-day EMA
EURJPY maintains an impulsive bullish tone. The cross yesterday took out late
March highs as JPY slipped across the board, firming materially the outlook for
the cross. Having already cleared the 200-dma and closed above it, conditions
improved further on the break of 121.15/40, Mar 25 and Feb 20 highs. Attention
is on 122.37, Jan 21 high and 122.87, the Jan 16 high and major resistance.
Yesterday's low of 119.62 marks support.

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