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YTD low in sight: *RES 4: 122.54.....>

EURO-YEN TECHS
EURO-YEN TECHS: YTD low in sight:
*RES 4: 122.54 High Jul 2
*RES 3: 122.32 High Jul 10
*RES 2: 121.70/85 50-dma / High Jul 15
*RES 1: 121.38 High Jul 25 and Jul 30
*PRICE: 119.79 @ 15:57 GMT Aug 01
*SUP 1: 119.57 Intraday Low
*SUP 2: 119.56 Lower 1.0% 10-dma envelope
*SUP 3: 119.45 3% Lower bollinger band
*SUP 4: 118.71 YTD low
The cross looks to have cleanly broken below the 120.00 mark Thursday, bringing
medium-term targets of 118.71 back into view. There is some support sitting
ahead of the mark, however, with the 1.0% 10-dma envelope providing decent
support. For bulls to regain any poise, 120.05 need to be re-taken, with 121.38
the next target.

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