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

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below Y129.83
* The pair failed to gain traction above the 55-WMA (Y131.54) last week.
* Bulls continue to look for a close above the 200-DMA to confirm a break of the
55-WMA and target Y133.48-135.58 where the LT TL off 2014 highs is noted. 
* Correcting O/B daily studies are the key concern for bulls and continue to
weigh. 
* The Y129.83 support is key today. 
* Bears need a close below Y129.83 to initially hint at a move back to Y128.40
with below the 55-DMA (Y129.29) to confirm. 
* Bulls now need a close above Y131.20 to shift focus back to the 200-DMA.

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