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

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need Close Above 200-DMA
* Pressure returning to layers of resistance took its toll with the pair
breaking above the 100-DMA (Y130.24) and Y130.34 resistance. 
* Bulls take comfort as the pair gains topside traction and focus on Y131.49-93
where the 55-WMA and 200-DMA are located. 
* Daily studies at O/B levels are the key concern for bulls. Overall bulls look
for a close above the 200-DMA to target Y133.48-135.67 where the LT TL off 2014
highs is noted. 
* Bears now look for a close below Y130.64 to gain breathing room and below
Y129.83 to hint at a move back to Y128.40 with below the 55-DMA to confirm.

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