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21-DMA Capping, Bulls Need Close.....>

EURO-YEN TECHS: 21-DMA Capping, Bulls Need Close Above Y132.18
*RES 4: Y133.38 100-DMA
*RES 3: Y133.05 High Feb 21
*RES 2: Y132.18 High Feb 27
*RES 1: Y131.59 21-DMA
*PRICE: Y131.21 @ 0330GMT
*SUP 1: Y130.49 Low Mar 8 
*SUP 2: Y129.53 200-WMA 
*SUP 3: Y129.33 2018 Low Mar 5 
*SUP 4: Y128.92 55-WMA
*COMMENTARY: The failure to gain traction above the 200-DMA and the 21-DMA
capping resulted in a sell-off and sees immediate focus on Y129.33-53 where 2018
lows and the 200-WMA are noted. Bears look for a close below Y129.33 to
initially pressure the 55-WMA and reconfirm overall focus on Y125.80-127.54.
Bulls still need a close above Y132.18 to ease bearish pressure and shift
initial focus to Y133.05-134.16 where 55 (Y133.78) & 100-DMAs are situated.

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