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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: Y131.66 21-DMA
*RES 2: Y131.19 Hourly support May 3 now resistance
*RES 1: Y130.75 High May 10
*PRICE: Y130.33 @ 0240GMT
*SUP 1: Y129.91 Hourly support May 9 
*SUP 2: Y129.67 Hourly support May 9 
*SUP 3: Y129.22 200-WMA 
*SUP 4: Y128.94 2018 Low Mar 23
*COMMENTARY: Bulls take comfort in support around the 200-WMA when combined with
daily studies looking to correct from very O/S levels. Bears continue to look
for a close below 2018 lows to initially target the bear channel base around
Y125.87. Bulls now look for a close above Y130.75 to gain breathing room and
hint at a correction back to Y131.66-132.54 where the 21 & 200-DMAs are located
whereas bears need a close below Y129.91 to reconfirm control.

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