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Focus On Y125.03-127.54 *RES 4:......>

EURO-YEN TECHS
EURO-YEN TECHS: Focus On Y125.03-127.54
*RES 4: Y130.22 Low May 18 now resistance
*RES 3: Y129.51 Low May 16 now resistance
*RES 2: Y129.15 200-WMA
*RES 1: Y128.94 Low Mar 23 now resistance
*PRICE: Y128.27 @ 0430GMT
*SUP 1: Y127.54 Monthly Low Aug 18 
*SUP 2: Y125.80 Monthly Highs May 16 & 25 now support 
*SUP 3: Y125.24 Daily Bear channel base 
*SUP 4: Y125.03 100-WMA
*COMMENTARY: Failures around 21 & 55-DMAs left the pair looking heavy earlier
this week with bears taking comfort in Wednesday's sell-off and fresh 2018 lows
continuing. Daily studies approaching O/S is less than ideal with bears now
focusing their attention on the Y125.03-127.54 region where the 100-WMA and
daily bear channel base are found. Bulls now need a close above the 200-WMA to
gain breathing room and above Y130.22 to shift initial focus back to Y131.37.

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