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Focus Back On 200-WMA *RES 4:........>

EURO-YEN TECHS
EURO-YEN TECHS: Focus Back On 200-WMA
*RES 4: Y133.05 High Feb 21
*RES 3: Y132.18 High Feb 27
*RES 2: Y131.89 21-DMA
*RES 1: Y131.19 Hourly support Mar 8 now resistance
*PRICE: Y131.59 @ 2030GMT
*SUP 1: Y129.57 200-WMA 
*SUP 2: Y129.33 2018 Low Mar 5 
*SUP 3: Y128.68 55-WMA 
*SUP 4: Y127.54 Monthly Low Aug 18
*COMMENTARY: The failure to gain traction above the 200-DMA and the 21-DMA now
capping has resulted in a sell-off and sees immediate focus back on Y129.33-57
where 2018 lows and the 200-WMA are noted. Bears now look for a close below
Y129.33 to initially pressure the 55-WMA and reconfirm overall focus on
Y125.80-127.54, Bulls now need a close above Y132.18 to ease bearish pressure
and shift initial focus to Y133.05-134.16 where 55 & 100-DMAs are situated.

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