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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: Y134.16 High Feb 9
*RES 3: Y133.48 High Apr 24
*RES 2: Y133.34 Bollinger band top
*RES 1: Y132.54 High Apr 30
*PRICE: Y132.04 @ 0430GMT
*SUP 1: Y131.85 Low Apr 30 
*SUP 2: Y131.78 Low Apr 12 
*SUP 3: Y131.55 55-DMA 
*SUP 4: Y131.05 Low Apr 5
*COMMENTARY: Follow through above the 100-DMA (Y132.99) & 21-WMA (Y132.85)
remains lacking with focus back on Y131.55-78 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 Y128.94-130.43 where 55 (Y130.43) & 200 (Y129.27) WMAs are noted.
Bulls continue to look for a close above Y134.16 to confirm focus on 2018 highs
although the Bollinger top (Y133.34) may limit follow through.

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