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Topside Failures Weighing *RES 4:....>

EURO-YEN TECHS
EURO-YEN TECHS: Topside Failures Weighing
*RES 4: Y139.02 Monthly High Aug 2015
*RES 3: Y136.62 2018 High Jan 5
*RES 2: Y136.32 High Jan 8
*RES 1: Y135.46 Hourly resistance Jan 26
*PRICE: Y135.01 @ 2030GMT
*SUP 1: Y134.53 Low Jan 26 
*SUP 2: Y134.39 Alternating hourly support/resistance 
*SUP 3: Y134.02 55-DMA 
*SUP 4: Y133.86 Daily bull channel base (off Aug 18 low)
*COMMENTARY: Topside failures ahead of the Y136.32-62 region have taken their
toll with a break of Y134.81 increasing the risk of a correction that initially
targets Y133.40-134.02 where 55 & 100-DMAs and the bull channel base are
situated. Initial resistance is noted at Y135.46 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.

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