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Bulls Need Close Above Y130.66.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need Close Above Y130.66
*RES 4: Y132.54 High Apr 30
*RES 3: Y131.98 21-DMA
*RES 2: Y131.19 Hourly support May 3 now resistance
*RES 1: Y130.66 Hourly support May 4 now resistance
*PRICE: Y129.90 @ 0430GMT
*SUP 1: Y129.22 200-WMA 
*SUP 2: Y128.94 2018 Low Mar 23
*SUP 3: Y127.54 Monthly Low Aug 18 
*SUP 4: Y126.09 Daily Bear channel base
*COMMENTARY: Losses defined for the pair last week with immediate bearish focus
now on 2018 lows. Bears look for a close below 2018 lows this week to initially
target the bear channel base around Y126.09. O/S daily studies are the key
concern for bears. Bulls now need a close above Y130.66 to gain breathing room
and hint at a correction back to Y131.97-54 where the 21 & 200-DMAs are located.

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