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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: Y134.01 @ 0235GMT
*SUP 1: Y133.60 Hourly support Jan 11 
*SUP 2: Y132.81 21-WMA 
*SUP 3: Y132.03 Monthly Low Dec 15 
*SUP 4: Y131.71 Low Nov 28
*COMMENTARY: The lack of topside follow through on recent 2018 highs took its
toll with a sell-off resulting in a dip below the 55-DMA (Y133.35) and the bull
channel base (Y133.26). Bulls take comfort in the bounce from ahead of the
21-WMA but still need a close above Y135.11 to shift focus back to 2018 highs.
Bears still need a close below the 21-WMA to confirm focus on Y130.59-132.03
where monthly lows are noted.

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