Looking For Direction Bulls have.....>

EURO-YEN TECHS: Looking For Direction

Bulls have lost their grip on 132.00 which keeps the short-term outlook neutral,

but the broader bullish trend remains intact above the 200-dma at 131.02. Bulls

need to recover 132.00 to target 133.00, a level which is growing in importance

having failed to hold at a closing basis in recent sessions. The Apr 24 high at

133.49 provides next resistance, ahead of the 76.4% retracement of the 2018

range at 134.53. Bears target a break of the 200-dma at 131.03 before

challenging 130.00. Below here shifts the outlook back to neutral and opens a

return to the 128.00 area.