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Hesitating Ahead Of 55-DMA *RES 4:...>

EURO-YEN TECHS
EURO-YEN TECHS: Hesitating Ahead Of 55-DMA
*RES 4: Y131.03 55-WMA
*RES 3: Y130.58 55-DMA
*RES 2: Y130.27 High June 7
*RES 1: Y129.78 Hourly support June 7 now resistance
*PRICE: Y129.43 @ 2130GMT
*SUP 1: Y129.01 21-DMA 
*SUP 2: Y128.18 Hourly resistance June 5 now support 
*SUP 3: Y127.77 Low June 5 
*SUP 4: Y127.56 Low June 4
*COMMENTARY: The close above the 21-DMA & Y129.51 added to bullish confidence
and shifted focus to Y130.27-132.59 where key DMAs, WMAs and the daily bear
channel top are situated. A close above Y132.59 is needed to confirm breaks and
to see bulls targeting Y134.12-137.50 where the falling TL off 2014 highs is
found. Bears now look for a close below the 21-DMA to ease bullish pressure and
below Y127.10 to shift focus back to 2018 lows.

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