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Bulls Need Close Above Y131.29.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need Close Above Y131.29
*RES 4: Y131.93 Hourly resistance Mar 14
*RES 3: Y131.70 200-DMA
*RES 2: Y131.29 Hourly resistance Mar 15a
*RES 1: Y131.03 Hourly resistance Mar 15
*PRICE: Y130.43 @ 0230GMT
*SUP 1: Y130.01 Bollinger band base 
*SUP 2: Y129.53 200-WMA 
*SUP 3: Y129.33 2018 Low Mar 5 
*SUP 4: Y128.90 55-WMA
*COMMENTARY: The pair remains heavy having broken Y130.49 with immediate focus
on Y129.33-53. Layers of resistance are following the pair lower with bulls now
needing a close above Y131.29 to signal a false break and return focus to layers
of resistance Y132.44-134.16 where 55 & 100-DMAs are situated. The Bollinger
base (Y129.98) is the key concern for bears with potential to limit follow
through as daily studies are well placed for losses.

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