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Bulls Need Close Above 200-DMA.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need Close Above 200-DMA
*RES 4: Y133.05 High Feb 21
*RES 3: Y132.44 High Mar 13
*RES 2: Y131.81 200-DMA
*RES 1: Y131.33 Daily Bear channel top
*PRICE: Y130.76 @ 2030GMT
*SUP 1: Y130.19 Low Mar 21 
*SUP 2: Y129.87 Bollinger band base 
*SUP 3: Y129.48 200-WMA 
*SUP 4: Y129.33 2018 Low Mar 5
*COMMENTARY: The rejection at the 200-DMA and bear channel top off 2018 highs
Tuesday leaves the pair looking heavy with focus back on the Y129.07-48 support
region where 55 & 200-WMAs and the 2018 low are situated. Bears need a close
below the 55-WMA to target Y125.80-127.54. The Bollinger base is the key concern
having limited follow through. Bulls now need a close above the 200-DMA to
target Y132.44-134.16 where 55 & 100-DMAs are situated.

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