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Bulls Need Close Above 21-DMA *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need Close Above 21-DMA
*RES 4: Y134.01 55-DMA
*RES 3: Y133.47 100-DMA
*RES 2: Y133.05 High Feb 21
*RES 1: Y132.03 21-DMA
*PRICE: Y131.20 @ 0530GMT
*SUP 1: Y130.58 Low Mar 6 
*SUP 2: Y129.57 200-WMA 
*SUP 3: Y129.33 2018 Low Mar 5 
*SUP 4: Y128.68 55-WMA
*COMMENTARY: Fresh 2018 & 6mth lows lacked follow through with the recovery now
seeing the pair flirting with the 200-DMA (Y131.44). Bulls now look for a close
above the 21-DMA to shift initial focus to Y133.05-134.16 where 55 & 100-DMAs
are situated. Above Y134.16 is needed to target 2018 highs. Key support is now
noted at 130.58 with bears needing a close below to retain focus 55 & 200-WMAs.
Correcting O/S studies add support to the bullish case.

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