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Topside Failures Weighing, 100-DMA...>

EURO-YEN TECHS
EURO-YEN TECHS: Topside Failures Weighing, 100-DMA Support Key
*RES 4: Y136.62 2018 High Jan 5
*RES 3: Y136.32 High Jan 8
*RES 2: Y135.46 Hourly resistance Jan 26
*RES 1: Y135.01 Hourly resistance Jan 29
*PRICE: Y134.76 @ 0230GMT
*SUP 1: Y134.31 Low Jan 29 
*SUP 2: Y134.03 55-DMA 
*SUP 3: Y133.91 Daily bull channel base (off Aug 18 low) 
*SUP 4: Y133.43 100-DMA
*COMMENTARY: Topside failures ahead of Y136.32-62 took their toll with a break
of Y134.81 increasing the risk of a correction initially to Y133.43-134.03 where
55 & 100-DMAs and the bull channel base are situated. Initial resistance is
noted at Y135.01 but bulls continue to look for a close above Y136.62 to confirm
focus on Y139.02-141.05 monthly highs last seen in 2015. Bears need a close
below the 100-DMA to target Y130.26-132.03 where the 200-DMA is noted.

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