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Weaker Within The Channel: *RES 4:...>

EURO-YEN TECHS
EURO-YEN TECHS: Weaker Within The Channel:
*RES 4: 120.22 100-dma
*RES 3: 120.01 High Sep 13 and the bull trigger
*RES 2: 118.93 Channel resistance drawn off Apr 17 high
*RES 1: 118.47 High Sep 27
*PRICE: 117.37 @ 09:10 GMT Oct 3
*SUP 1: 117.25 Intraday low
*SUP 2: 116.85 76.4% retracement Sep3 - Sep13 rally
*SUP 3: 116.13 Low Sep 4
*SUP 4: 115.87 Low Sep 3 and M/T bear trigger
EURJPY resumed its bearish pressure yesterday breaching support at 117.45, Sep
27 low and 61.8% of Sep 3 - Sep 13 rally. The cross is lower today and remains
bearish as it extends the pullback following the recent failure at the channel
top drawn off Apr 17 high. Sights are now set on the 116.85, 76.4% retracement.
On the upside, resistance is located at 118.47. A break of the channel top at
118.93 and of resistance at 120.01 is still the requirement for a reversal.
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