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200-DMA Confirms Significance *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: 200-DMA Confirms Significance
*RES 4: Y133.14 100-DMA
*RES 3: Y132.69 55-DMA
*RES 2: Y132.44 High Mar 13
*RES 1: Y132.06 200-DMA
*PRICE: Y130.92 @ 2130GMT
*SUP 1: Y130.56 Low Mar 27 
*SUP 2: Y129.97 High Mar 23 now support 
*SUP 3: Y129.44 200-WMA 
*SUP 4: Y129.21 55-WMA
*COMMENTARY: Despite flirting with key WMAs bears failed to gain traction below
the 55 (Y129.20) & 200 (Y129.44) WMAs with the bounce Monday seeing focus back
on the Y132.06-133.14 region where 55, 100 & 200-DMAs are noted. Bulls need a
close above the 200-DMA to shift focus to Y132.44-133.18. Daily studies
correcting from O/S are perfectly placed for a leg higher. Bears look for a
close below Y129.97 to return pressure to Y128.94-129.44.

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