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Looking Heavy, Pressuring 2018 Low...>

EURO-YEN TECHS
EURO-YEN TECHS: Looking Heavy, Pressuring 2018 Low
*RES 4: Y133.43 Hourly support Feb 13 now resistance
*RES 3: Y133.05 High Feb 21
*RES 2: Y132.78 Hourly resistance Feb 21
*RES 1: Y132.43 Hourly support Feb 22 now resistance
*PRICE: Y131.76 @ 0230GMT
*SUP 1: Y131.51 2018 Low Feb 16 
*SUP 2: Y131.15 Monthly Low Nov 20 
*SUP 3: Y131.13 200-DMA 
*SUP 4: Y130.50 Low Sept 14
*COMMENTARY: Despite daily studies correcting from O/S adding support, bulls
failed to capitalise on Wednesday's gains with the pair again looking heavy and
immediate pressure on the 2018 lows and overall focus on Y130.50-131.51. A close
below Y130.50 is needed to confirm a break of the 200-DMA and shift initial
focus to Y127.52-129.25. Bulls need a close above Y133.43 to gain breathing room
and above the 55-DMA (Y134.36) to target 2018 highs (Y137.50).

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