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Pressure Returns To 55-DMA *RES 4:...>

EURO-YEN TECHS
EURO-YEN TECHS: Pressure Returns To 55-DMA
*RES 4: Y131.28 100-DMA
*RES 3: Y131.18 21-WMA
*RES 2: Y130.87 Daily bear channel top
*RES 1: Y130.49 55-DMA
*PRICE: Y130.08 @ 2130GMT
*SUP 1: Y129.48 Low June 12 
*SUP 2: Y129.26 Alternating hourly support/resistance 
*SUP 3: Y128.49 Hourly support June 11 
*SUP 4: Y128.09 Low June 8
*COMMENTARY: O/B daily studies remain the key concern for bulls as the pair
continues to hesitate ahead of the 55-DMA and layers of resistance
Y130.49-132.59 where key DMAs, WMAs and the daily bear channel top are situated.
Bears need a close below Y129.26 to gain breathing room and below Y127.10 to
shift focus back to 2018 lows. Overall bulls need a close above Y132.59 to shift
initial focus back to Y134.12-136.00 where the LT TL off 2014 highs is noted.

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