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Flirting With Key WMAs *RES 4:.......>

EURO-YEN TECHS
EURO-YEN TECHS: Flirting With Key WMAs
*RES 4: Y132.44 High Mar 13
*RES 3: Y131.89 200-DMA
*RES 2: Y130.96 Daily Bear channel top
*RES 1: Y130.50 Hourly support Mar 22 now resistance
*PRICE: Y129.80 @ 0430GMT
*SUP 1: Y128.94 2018 Low Mar 23 
*SUP 2: Y127.54 Monthly Low Aug 18 
*SUP 3: Y126.33 Daily Bear channel base 
*SUP 4: Y125.80 Monthly Highs May 16 & 25 now support
*COMMENTARY: The rejection at the 200-DMA and bear channel top Tuesday has
resulted in 2018 & 8mth lows as the pair currently flirts with 55 (Y129.17) &
200 (Y129.43) WMAs. Bears look for a close below the 55-WMA to confirm focus on
Y125.80-127.54 where monthly supports and the bear channel base are noted. Daily
studies approaching O/S is less than ideal. Bulls now need a close above Y130.50
to ease bearish pressure and above the channel top to pressure the 200-DMA.

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