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Bulls Need Close Above Y132.18.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need Close Above Y132.18
*RES 4: Y133.46 100-DMA
*RES 3: Y133.05 High Feb 21
*RES 2: Y132.18 High Feb 27
*RES 1: Y131.93 21-DMA
*PRICE: Y131.59 @ 0530GMT
*SUP 1: Y130.58 Low Mar 6 
*SUP 2: Y129.57 200-WMA 
*SUP 3: Y129.33 2018 Low Mar 5 
*SUP 4: Y128.68 55-WMA
*COMMENTARY: Fresh 2018 & 6mth lows lacked follow through with the recovery
seeing the pair flirting with the 200-DMA (Y131.48). Bulls now look for a close
above Y132.18 to shift initial focus to Y133.05-134.16 where 55 & 100-DMAs are
situated. Above Y134.16 is needed to target 2018 highs. Key support is now noted
at 130.58 with bears needing a close below to retain focus 55 & 200-WMAs.
Correcting O/S studies add support to the bullish case.

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