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EURO-YEN TECHS: Bulls Need Close Above Y129.51
*RES 4: Y130.22 Low May 18 now resistance
*RES 3: Y129.51 Low May 16 now resistance
*RES 2: Y129.06 21-DMA
*RES 1: Y129.05 200-WMA
*PRICE: Y128.39 @ 0430GMT
*SUP 1: Y127.89 Hourly support June 4
*SUP 2: Y127.56 Low June 4
*SUP 3: Y127.10 Low June 1
*SUP 4: Y126.22 Hourly support May 30
*COMMENTARY: Bulls take comfort in gains to start the new week as daily studies
look to correct from very O/S levels adding support to the case for a correction
back to Y129.05-129.51 where the 21-DMA & 200-WMA are noted. The Y127.10 support
remains key this week. Bears now look for a close below Y127.10 to return
initial focus to 2018 lows. Overall bears need a close below the 100-WMA
(Y125.33) to retain bearish momentum and target the bull channel base (Y122.51).