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Immediate Focus On 2018 Low *RES.....>

EURO-YEN TECHS
EURO-YEN TECHS: Immediate Focus On 2018 Low
*RES 4: Y132.54 High Apr 30
*RES 3: Y132.06 21-DMA
*RES 2: Y131.19 Hourly support May 3 now resistance
*RES 1: Y130.66 Hourly support May 4 now resistance
*PRICE: Y130.38 @ 0430GMT
*SUP 1: Y129.88 Low May 4 
*SUP 2: Y129.22 200-WMA 
*SUP 3: Y128.94 2018 Low Mar 23 
*SUP 4: Y127.54 Monthly Low Aug 18
*COMMENTARY: Losses defined for the pair last week with immediate bearish focus
now on 2018 lows. Bears look for a close below 2018 lows this week to initially
target the bear channel base around Y126.16. O/S daily studies are the key
concern for bears. Bulls now need a close above Y131.19 to gain breathing room
and hint at a correction back to Y132.06-54 where the 21 & 200-DMAs are located.

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