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Bears Need Close Below Y129.83 *.....>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below Y129.83
* Pressure returning to layers of resistance took its toll with the pair
breaking above the 100-DMA (Y130.24) and Y130.34 resistance. 
* The lack of topside follow through is less than ideal as is the failure to
close above Y130.34. 
* In saying that, bullish focus has now shifted to Y131.37-93 where the 55-WMA
and 200-DMA are located. 
* Daily studies at O/B levels are the key concern for bulls. 
* Bears now look for a close below Y129.83 to gain breathing room and below the
55-DMA to shift immediate pressure back to Y128.40.

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