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Downside Follow Through Remains......>

EURO-YEN TECHS
EURO-YEN TECHS: Downside Follow Through Remains Lacking
*RES 4: Y134.47 55-DMA
*RES 3: Y134.16 High Feb 9
*RES 2: Y133.78 High Feb 13
*RES 1: Y133.43 Hourly support Feb 13 now resistance
*PRICE: Y132.68 @ 0530GMT
*SUP 1: Y132.43 Hourly resistance Feb 14 now support 
*SUP 2: Y131.59 2018 Low Feb 14 
*SUP 3: Y131.15 Monthly Low Nov 20 
*SUP 4: Y130.96 200-DMA
*COMMENTARY: 2018/3mth lows lack follow through which is a concern when combined
with daily studies at O/S levels. Layers of resistance remain with bulls now
needing a close above the 55-DMA to hint at a shift higher in focus and above
Y135.95 to initially target 2018 highs (Y137.50). Bears now need a close below
Y132.43 to gain breathing room. Overall a close below Y131.15 hints at a move
back to Y125.80-127.54 with below Y130.59 to confirm.

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