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Below Y130.49 Initially Pressures....>

EURO-YEN TECHS
EURO-YEN TECHS: Below Y130.49 Initially Pressures 2018 Low
*RES 4: Y133.05 High Feb 21
*RES 3: Y132.84 Bollinger band top
*RES 2: Y132.44 High Mar 13
*RES 1: Y131.93 Hourly resistance Mar 14
*PRICE: Y131.23 @ 0530GMT
*SUP 1: Y130.95 Low Mar 12 
*SUP 2: Y130.49 Low Mar 8 
*SUP 3: Y129.53 200-WMA 
*SUP 4: Y129.33 2018 Low Mar 5
*COMMENTARY: Bulls failed to capitalise on closes above 21 (Y131.45) & 200
(Y131.66) DMAs with pair looking a little offered as a resulted. The Y130.49
support is key with bears needing a close below to shift initial focus back to
Y129.33-53 where 2018 lows and the 200-WMA are situated. Layers of resistance
remain a concern for bulls who now look for a close above Y132.44 to reconfirm
focus on Y133.05-134.16 where 55 (Y133.67) & 100 (Y133.34) DMAs are situated.

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