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Pressuring 200-WMA *RES 4: Y131.74...>

EURO-YEN TECHS
EURO-YEN TECHS: Pressuring 200-WMA
*RES 4: Y131.74 21-DMA
*RES 3: Y131.19 Hourly support May 3 now resistance
*RES 2: Y130.66 Hourly support May 4 now resistance
*RES 1: Y130.17 Hourly resistance May 9
*PRICE: Y130.00 @ 2130GMT
*SUP 1: Y129.22 200-WMA 
*SUP 2: Y128.94 2018 Low Mar 23 
*SUP 3: Y127.54 Monthly Low Aug 18 
*SUP 4: Y125.94 Daily Bear channel base
*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 Y126.02. O/S daily studies are the key
concern for bears as pressure currently weighs on the 200-WMA. Bulls now need a
close above Y130.66 to gain breathing room and hint at a correction back to
Y131.74-132.54 where the 21 & 200-DMAs are located.

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