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Remains Capped Around 100-DMA *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Remains Capped Around 100-DMA
*RES 4: Y134.79 High Feb 8
*RES 3: Y134.16 High Feb 9
*RES 2: Y133.32 Bollinger band top
*RES 1: Y133.04 100-DMA
*PRICE: Y132.55 @ 2130GMT
*SUP 1: Y132.28 200-DMA 
*SUP 2: Y132.09 Low Apr 17 
*SUP 3: Y131.78 Low Apr 12 
*SUP 4: Y131.74 55-DMA
*COMMENTARY: Support emerging ahead of the 55-DMA provided bulls comfort this
week with bears now needing a close below the 21-DMA to ease bullish pressure
and to shift focus back to Y128.94-129.97. Despite relentlessly pressuring the
100-DMA bulls have failed to produce the close above needed to shift initial
focus to Y134.16 and overall focus to 2018 highs. O/B daily studies remain a
concern for bulls and add weight to the bearish case.

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