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Remains Heavy *RES 4: Y135.48........>

EURO-YEN TECHS
EURO-YEN TECHS: Remains Heavy
*RES 4: Y135.48 Hourly resistance Jan 8
*RES 3: Y135.11 Low Jan 8 now resistance
*RES 2: Y134.57 Hourly resistance Jan
*RES 1: Y133.88 Hourly support Dec 20 now resistance
*PRICE: Y133.06 @ 2030GMT
*SUP 1: Y132.76 100-DMA, 21-WMA 
*SUP 2: Y132.03 Monthly Low Dec 15 
*SUP 3: Y131.71 Low Nov 28 
*SUP 4: Y131.15 Monthly Low Nov 20
*COMMENTARY: The lack of topside follow through took its toll with a sell-off
that leaves the pair looking a little heavy. Daily studies correcting from O/B
add weight to the case for a deeper correction. Bears now need a close below the
100-DMA (Y132.77) to add weight to the case for a move targeting Y130.59-132.03.
Bulls now need a close above Y133.88 to gain breathing room and above Y135.11 to
shift focus back to 2018 highs.

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