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

EURO-YEN TECHS: Bulls Need Close Above Y128.81 Today
*RES 4: Y130.09 Daily Bear channel top off 2018 highs
*RES 3: Y129.76 55-DMA
*RES 2: Y129.65 Hourly support June 13 now resistance
*RES 1: Y129.26 Alternating hourly support/resistance
*PRICE: Y129.02 @ 0430GMT
*SUP 1: Y128.68 Hourly support June 29 
*SUP 2: Y127.95 Hourly resistance June 29 now support 
*SUP 3: Y126.98 Low June 21 
*SUP 4: Y126.63 Low June 19
*COMMENTARY: Bears failed to capitalise on pressure returning to Y126.98 with
bulls taking comfort in the rally in Asia Friday. Bulls now look for a close
above Y128.81 to confirm an easing of bearish pressure and shift initial focus
back to Y129.65-130.490 where 55 & 100-DMAs and the bear channel top off 2018
highs are found. Bears now need a close below Y128.68 to ease renewed bullish
pressure and below Y126.22 to confirm immediate focus on tests of 2018 lows.

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