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Bears Now Need Close Below 55-DMA....>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Now Need Close Below 55-DMA
*RES 4: Y134.79 High Feb 8
*RES 3: Y134.16 High Feb 9
*RES 2: Y133.53 Bollinger band top
*RES 1: Y133.48 High Apr 24
*PRICE: Y132.18 @ 0240GMT
*SUP 1: Y132.02 Low Apr 20 
*SUP 2: Y131.78 Low Apr 12 
*SUP 3: Y131.59 55-DMA 
*SUP 4: Y131.05 Low Apr 5
*COMMENTARY: Follow through above the 100-DMA (Y133.02) & 21-WMA (Y132.92)
remains lacking with focus back on Y131.62-132.02 as daily studies correct from
O/B. Bears need a close below Y131.05 to confirm traction below the 55-DMA and
to shift focus to Y128.94-130.13 where 55 (Y130.13) & 200 (Y129.30) WMAs are
noted. Bulls continue to look for a close above Y134.16 to confirm focus on 2018
highs although the Bollinger top (Y133.53) may limit follow through.

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