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Volatile And Off Its Recent Low......>

EURO-YEN TECHS
EURO-YEN TECHS: Volatile And Off Its Recent Low
*RES 4: 120.95 High Mar 3
*RES 3: 120.19 50-day EMA
*RES 2: 120.00 High Mar 5
*RES 1: 119.23/24 High Mar 9 / Intraday high
*PRICE: 118.86 @ 09:41 GMT Mar 10
*SUP 1: 116.81 Intraday low
*SUP 2: 116.13 Low Mar 9 / Sep 4
*SUP 3: 115.87 Low Sep 3 and major support
*SUP 4: 115.32 1.382 projection of Jan 16 - Feb 18 move from Feb 20 high
EURJPY resumed its bearish theme Monday, breaking sharply lower as risk aversion
spiked once again. Today, we have seen a sharp reversal as the Yen comes under
pressure and volatile activity is maintained. Attention shifts to resistance at
the 119.23 level, yesterday's high that was tested overnight. A break would
signal scope for gains towards 120.00 initially, Mar 5 high. Key support has
been defined at yesterday's 116.13 low.

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