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Bears Need Close Below Y129.91.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below Y129.91
*RES 4: Y132.54 High Apr 30
*RES 3: Y131.60 21-DMA
*RES 2: Y131.19 Hourly support May 3 now resistance
*RES 1: Y130.93 High May 4
*PRICE: Y130.81 @ 0430GMT
*SUP 1: Y129.91 Hourly support May 9 
*SUP 2: Y129.67 Hourly support May 9 
*SUP 3: Y129.19 200-WMA 
*SUP 4: Y128.94 2018 Low Mar 23
*COMMENTARY: Bulls took comfort in support around the 200-WMA last week when
combined with daily studies correcting from very O/S levels. The pair has worked
its way back towards Y130.93-131.59 where 55 & 21-DMAs are noted. Overall bulls
need a close above the 100-DMA (Y132.71) to shift focus to Y133.48-134.10. Bears
now need a close below Y129.91 to ease bullish pressure and below 2018 lows to
initially target the bear channel base around Y125.80.

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