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Bulls Need Close Above Y128.81.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need Close Above Y128.81
*RES 4: Y129.65 Hourly support June 13 now resistance
*RES 3: Y129.26 Alternating hourly support/resistance
*RES 2: Y128.81 High June 25
*RES 1: Y128.54 Hourly resistance June 25
*PRICE: Y128.11 @ 0430GMT
*SUP 1: Y127.77 Low June 26 
*SUP 2: Y127.50 Daily Bull channel base off 2018 low 
*SUP 3: Y126.98 Low June 21 
*SUP 4: Y126.63 Low June 19
*COMMENTARY: Bulls take comfort in support emerging on dips back towards the
bull channel base. In saying that, bulls continue to look for a close above
Y128.81 to gain breathing room and above Y129.65 to pressure the 55-DMA
(Y129.92) once again. Correcting O/S studies are a concern for bears who now
need a close below Y127.77 to retain focus on Y126.22 and the close below needed
to add weight to the case for a test of 2018 lows (Y124.61).

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