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21-DMA Capping, 55-DMA Supporting....>

EURO-YEN TECHS: 21-DMA Capping, 55-DMA Supporting
*RES 4: Y136.62 2018 High Jan 5
*RES 3: Y136.32 High Jan 8
*RES 2: Y135.46 Hourly resistance Jan 26
*RES 1: Y135.25 21-DMA
*PRICE: Y134.88 @ 2030GMT
*SUP 1: Y134.64 Hourly support Jan 30 
*SUP 2: Y134.04 55-DMA 
*SUP 3: Y133.96 Daily bull channel base (off Aug 18 low) 
*SUP 4: Y133.43 100-DMA
*COMMENTARY: Topside failures ahead of Y136.32-62 took their toll with a break
of Y134.81 increasing the risk of a correction and immediate pressure on
Y133.43-134.03 where 55 & 100-DMAs and the bull channel base are situated. The
21-DMA is now capping with bulls needing a close above to return immediate focus
to 2018 highs. Bears continue to look for a close below the 100-DMA to target
Y130.26-132.03 where the 200-DMA (Y130.26) is noted.

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