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

EURO-YEN TECHS: Bulls Need Close Above 55-DMA
*RES 4: Y134.49 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: Y133.07 @ 0230GMT
*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: Y130.92 200-DMA
*COMMENTARY: Despite recovering from 2018 lows bulls have failed to gain
traction above the 100-DMA (Y133.63). 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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