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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: Y133.43 Hourly support Feb 13 now resistance
*RES 3: Y133.05 High Feb 21
*RES 2: Y132.24 Hourly support Feb 21 now resistance
*RES 1: Y131.70 Hourly support Feb 27 now resistance
*PRICE: Y131.40 @ 2030GMT
*SUP 1: Y130.91 2018 Low Feb 23 
*SUP 2: Y130.59 Low Sept 15 
*SUP 3: Y129.34 Monthly Low Sept 6 
*SUP 4: Y127.54 Monthly Low Aug 18
*COMMENTARY: O/S daily studies appear to be impacting with the pair having
failed so far to gain traction below the 200-DMA (Y131.28). Bears continue to
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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