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Y127.84 Support Key Today *RES 4:....>

EURO-YEN TECHS
EURO-YEN TECHS: Y127.84 Support Key Today
*RES 4: Y129.65 Hourly support June 13 now resistance
*RES 3: Y129.26 Alternating hourly support/resistance
*RES 2: Y128.81 High June 25
*RES 1: Y128.54 Hourly resistance June 25
*PRICE: Y128.12 @ 0240GMT
*SUP 1: Y127.84 Hourly resistance June 25 now support 
*SUP 2: Y127.36 Daily Bull channel base off 2018 low 
*SUP 3: Y126.98 Low June 21 
*SUP 4: Y126.63 Low June 19
*COMMENTARY: The pop above Y128.64 lacked follow through and was reversed with
the pair again looking a little offered. Bulls now need a close above Y128.81 to
gain breathing room and above 129.65 to pressure the 55-DMA (Y129.99) once
again. Correcting O/S studies are a concern for bears who now need a close below
Y127.84 to retain focus on Y126.22 and the close below needed to add weight to
the case for a test of 2018 lows (Y124.61).

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