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200-WMA Supporting For Now *RES 4:...>

EURO-YEN TECHS
EURO-YEN TECHS: 200-WMA Supporting For Now
*RES 4: Y132.54 High Apr 30
*RES 3: Y131.74 21-DMA
*RES 2: Y131.19 Hourly support May 3 now resistance
*RES 1: Y130.66 Hourly support May 4 now resistance
*PRICE: Y130.15 @ 0240GMT
*SUP 1: Y129.67 Hourly support May 9 
*SUP 2: Y129.22 200-WMA 
*SUP 3: Y128.94 2018 Low Mar 23 
*SUP 4: Y127.54 Monthly Low Aug 18
*COMMENTARY: Bulls take comfort in the pair finding support around the 200-WMA
for now when combined with daily studies looking to correct from very O/S
levels. Bears look for a close below 2018 lows to initially target the bear
channel base around Y125.94. Bulls continue to look for a close above Y130.66 to
gain breathing room and hint at a correction back to Y131.74-132.54 where the 21
& 200-DMAs are located.

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