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

EURO-YEN TECHS
EURO-YEN TECHS: Immediate Focus On 2018 Low
*RES 4: Y132.00 Daily Bear channel top off 2018 high
*RES 3: Y131.37 High May 14
*RES 2: Y131.01 Hourly support May 22 now resistance
*RES 1: Y130.50 Hourly support May 23 now resistance
*PRICE: Y129.92 @ 0240GMT
*SUP 1: Y129.51 Low May 16 
*SUP 2: Y129.16 200-WMA 
*SUP 3: Y128.94 2018 Low Mar 23 
*SUP 4: Y127.54 Monthly Low Aug 18
*COMMENTARY: Bears take comfort in failures around 21 & 55-DMAs leaving the pair
looking offered once again. Y131.37 remains key resistance this week with bulls
needing a close above to confirm breaks of 21 & 55-DMAs, easing bearish
pressure, and above the 200-DMA (Y132.42) to shift focus to Y133.48-134.10.
While Y131.37 caps bears initially focus on 2018 lows with a close below needed
to target the daily bear channel base around Y125.31 today.

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