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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: Y129.05 200-WMA
*RES 1: Y129.04 21-DMA
*PRICE: Y128.83 @ 0430GMT
*SUP 1: Y128.18 Hourly resistance June 5 now support
*SUP 2: Y127.77 Low June 5
*SUP 3: Y127.56 Low June 4
*SUP 4: Y127.10 Low June 1
*COMMENTARY: Bulls take comfort in gains as daily studies correct from very O/S
and provide a correction back to Y129.04-129.51 where the 21-DMA & 200-WMA are
noted. Bulls need a close above Y129.51 to shift immediate focus to
Y130.22-131.63 where the bear channel top off 2018 highs, 55 & 100-DMAs are
situated. Bears need a close below Y127.10 to return initial focus to 2018 lows
and below the 100-WMA (Y125.33) to target the bull channel base (Y122.51).