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Below Y131.05 Initially Targets......>

EURO-YEN TECHS: Below Y131.05 Initially Targets Y128.94-130.43
*RES 4: Y133.25 Bollinger band top
*RES 3: Y132.54 High Apr 30
*RES 2: Y132.23 Hourly resistance Apr 30
*RES 1: Y131.49 55-DMA
*PRICE: Y131.40 @ 0430GMT
*SUP 1: Y131.05 Low Apr 5 
*SUP 2: Y130.42 55-WMA 
*SUP 3: Y129.27 200-WMA 
*SUP 4: Y128.94 2018 Low Mar 23
*COMMENTARY: The close below the 55-DMA adds weight to the bearish case with a
close below Y131.05 now needed to confirm traction below the 55-DMA and to shift
focus to Y128.94-130.42 where 55 & 200-WMAs are noted. Daily studies approaching
O/S are the key concern for bears. The 55-DMA is now initial resistance but
bulls need a close above Y132.23 to gain breathing room and above Y134.16 to
confirm focus on 2018 highs.

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