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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: Y130.00 55-DMA
*RES 3: Y129.65 Hourly support June 13 now resistance
*RES 2: Y129.26 Alternating hourly support/resistance
*RES 1: Y128.64 Hourly resistance June 14
*PRICE: Y128.45 @ 2130GMT
*SUP 1: Y128.28 Hourly resistance June 22 now support 
*SUP 2: Y127.84 Hourly resistance June 25 now support 
*SUP 3: Y127.36 Daily Bull channel base off 2018 low 
*SUP 4: Y126.98 Low June 21
*COMMENTARY: Despite an aggressive sell-off early last week downside follow
through has been lacking with the daily bull channel base supporting. Bulls look
for a close above Y128.64 to gain breathing room and above 129.65 to pressure
the 55-DMA (Y130.00) once again. Correcting O/S studies are a concern for bears
who now need a close below Y127.84 to retain focus on Y126.22 and the close
below needed to add weight to the case for a test of 2018 lows.

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