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Flirting With 200-DMA *RES 4:........>

EURO-YEN TECHS: Flirting With 200-DMA
*RES 4: Y134.07 55-DMA
*RES 3: Y133.49 100-DMA
*RES 2: Y133.05 High Feb 21
*RES 1: Y132.22 21-DMA
*PRICE: Y131.46 @ 0230GMT
*SUP 1: Y130.77 High Mar 1 now support 
*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 now
seeing the pair flirting with the 200-DMA (Y131.41). Bulls look for a close
above the 200-DMA to gain breathing room and above the 21-DMA to shift initial
focus to Y133.05-134.16 where 55 & 100-DMAs are situated. Initial support is now
noted at 130.77 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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