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EURO-YEN TECHS: Flirting With 55-WMA
* The pair continues to flirt with the 55-WMA. Bulls continue to look for a
close above the 200-DMA to confirm a break of the 55-WMA and target
Y133.48-135.62 where the LT TL off 2014 highs is noted.
* O/B daily studies looking to correct and the Bollinger top (Y132.05) limiting
follow through are key concerns for bulls.
* Bears now need a close below Y130.64 to gain breathing room and below Y129.83
to hint at a move back to Y128.40 with below the 55-DMA (Y129.28) to confirm.