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Bulls Need Close Above 55-DMA *RES...>

EURO-YEN TECHS 
                                            EURO-YEN TECHS: Bulls Need Close Above 55-DMA
                                          
                                            *RES 4: Y134.47 55-DMA
                                          
                                            *RES 3: Y134.16 High Feb 9
                                          
                                            *RES 2: Y133.78 High Feb 13
                                          
                                            *RES 1: Y133.43 Hourly support Feb 13 now resistance
                                          
                                            *PRICE: Y133.05 @ 2030GMT
                                          
                                            *SUP 1: Y132.50 Low Feb 13
                                          
                                            *SUP 2: Y131.96 2018 Low Feb 9
                                          
                                            *SUP 3: Y131.15 Monthly Low Nov 20
                                          
                                            *SUP 4: Y130.87 200-DMA
                                          
                                            *COMMENTARY: Despite recovering from 2018 lows bulls have failed to gain
                                          
                                            traction above the 100-DMA (Y133.62). Bulls now look for a close above the
                                          
                                            55-DMA to ease bearish pressure and above Y135.95 to initially target 2018 highs
                                          
                                            (Y137.50). While the 55-DMA caps immediate focus remains on Y130.59-131.15 where
                                          
                                            monthly lows and 200-DMA are noted with a close below Y131.96 to add weight to
                                          
                                            their case. Daily studies lingering at O/S levels are the key concern for bears.
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