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Y127.30 Resistance Key Today *RES....>

EURO-YEN TECHS: Y127.30 Resistance Key Today
*RES 4: Y129.38 21-DMA
*RES 3: Y129.09 200-WMA
*RES 2: Y128.53 High May 28
*RES 1: Y127.30 High May 30
*PRICE: Y127.02 @ 2130GMT
*SUP 1: Y126.22 Hourly support May 30 
*SUP 2: Y125.71 Hourly support May 30a 
*SUP 3: Y124.61 2018 Low May 29 
*SUP 4: Y123.63 Low June 21 2017
*COMMENTARY: The failure to gain traction below the 100-WMA (Y125.15) and
confirm the break of the pivotal Y125.80 level has resulted in a bounce
Wednesday. Correcting O/S studies add support to the case for a correction back
to Y128.53-129.59 where the 21-DMA & 200-WMA are found. Bulls now need a close
above Y127.30 to confirm the correction. Layers of support are building with
bears now needing a close below Y125.70 to return initial pressure to 2018 lows.

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