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Bears Need Close Below 21-WMA *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below 21-WMA
*RES 4: Y135.48 Hourly resistance Jan 8
*RES 3: Y135.11 Low Jan 8 now resistance
*RES 2: Y134.57 Hourly resistance Jan
*RES 1: Y134.39 Hourly support Dec 20 now resistance
*PRICE: Y133.74 @ 0530GMT
*SUP 1: Y132.80 21-WMA, 100-DMA 
*SUP 2: Y132.03 Monthly Low Dec 15 
*SUP 3: Y131.71 Low Nov 28 
*SUP 4: Y131.15 Monthly Low Nov 20
*COMMENTARY: The lack of topside follow through on recent 2018 highs took its
toll with a sell-off that leaves the pair looking a little heavy and flirting
with the 55-DMA (Y133.31) & bull channel base (Y133.26). Bears look for a close
below the 21-WMA to confirm focus on Y130.59-132.03 where monthly lows are
noted. Bulls continue to look for a close above Y135.11 to shift focus back to
2018 highs.

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