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Bulls Need Close Above Y129.89.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need Close Above Y129.89
*RES 4: Y131.13 High Aug 4 
*RES 3: Y130.87 High Aug 7
*RES 2: Y130.23 Hourly support Aug 8 now resistance 
*RES 1: Y129.89 Low Aug 1 now resistance, 21-DMA
*PRICE: Y129.49 @ 0430GMT
*SUP 1: Y129.20 Hourly resistance Aug 14 now support 
*SUP 2: Y128.56 Hourly support Aug 11 
*SUP 3: Y127.99 Low July 6 
*SUP 4: Y127.50 55-DMA
*COMMENTARY: Follow through was lacking on last week's low with the recovery
seeing pressure returning to the 21-DMA. Bulls continue to look for a close
above Y129.89 to confirm an easing of bearish pressure and shift focus back to
Y130.87-131.40 where 2017 highs are located. Support layers are accumulating
with bears now needing a close below Y129.20 to gain breathing room and below
Y128.56 to reconfirm initial focus on Y127.43-99.

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