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Bears Now Targeting Y128.94-130.43...>

EURO-YEN TECHS: Bears Now Targeting Y128.94-130.43
*RES 4: Y133.40 Bollinger band top
*RES 3: Y132.54 High Apr 30
*RES 2: Y132.11 21-DMA
*RES 1: Y131.19 Hourly support May 3 now resistance
*PRICE: Y130.64 @ 0240GMT
*SUP 1: Y130.42 55-WMA 
*SUP 2: Y129.27 200-WMA 
*SUP 3: Y128.94 2018 Low Mar 23 
*SUP 4: Y127.54 Monthly Low Aug 18
*COMMENTARY: The close below the 55-DMA added weight to the bearish case with a
close below Y131.05 confirming traction below the 55-DMA and shifting focus to
Y128.94-130.42 where 55 & 200-WMAs are noted. Daily studies approaching O/S are
the key concern for bears. Y131.19 is now initial resistance with bulls needing
a close above to gain breathing room and hint at a correction back to Y132.11-54
where the 21 & 200-DMAs are located.

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