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Above Y128.64 to Ease Bearish........>

EURO-YEN TECHS
EURO-YEN TECHS: Above Y128.64 to Ease Bearish Pressure
*RES 4: Y129.65 Hourly support June 13 now resistance
*RES 3: Y129.26 Alternating hourly support/resistance
*RES 2: Y128.64 Hourly resistance June 14
*RES 1: Y128.01 Hourly resistance June 20
*PRICE: Y127.86 @ 0430GMT
*SUP 1: Y127.63 Hourly support June 21 
*SUP 2: Y127.09 Low June 20 
*SUP 3: Y126.63 Low June 19 
*SUP 4: Y126.22 Hourly support May 30
*COMMENTARY: Despite an aggressive sell-off this week downside follow through
has been lacking. Bears focus on the Y126.22 support with a close below needed
to add weight to the case for a test of 2018 lows and a potential move back to
the bull channel base (Y122.89). Bulls continue to look for a close above
Y128.64 to gain breathing room and above 129.65 to pressure the 55-DMA once
again.

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