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Above 55-DMA To Target 2018 Highs....>

EURO-YEN TECHS
EURO-YEN TECHS: Above 55-DMA To Target 2018 Highs
*RES 4: Y133.59 100-DMA
*RES 3: Y133.43 Hourly support Feb 13 now resistance
*RES 2: Y133.05 High Feb 21
*RES 1: Y132.24 Hourly support Feb 21 now resistance
*PRICE: Y131.79 @ 0530GMT
*SUP 1: Y131.60 Hourly support Feb 26 
*SUP 2: Y130.91 2018 Low Feb 23 
*SUP 3: Y130.59 Low Sept 15 
*SUP 4: Y129.34 Monthly Low Sept 6
*COMMENTARY: O/S daily studies appear to be impacting with the pair having
failed so far to gain traction below the 200-DMA (Y131.26). Bears now look for a
close below Y130.59 to confirm a break of the 200-DMA and shift initial focus to
Y127.54-129.34 where monthly lows are noted. Layers of resistance remain
Y132.24-134.28 where key DMAs are situated. Bulls continue to look for a close
above the 55-DMA to target 2018 highs (Y137.50).

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