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Y130.75 Support Now Key Today *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Y130.75 Support Now Key Today
*RES 4: Y132.54 High Apr 30
*RES 3: Y132.38 200-DMA
*RES 2: Y131.60 21-DMA
*RES 1: Y131.27 55-DMA
*PRICE: Y131.22 @ 0930GMT
*SUP 1: Y130.75 High May 10 now support May 9 
*SUP 2: Y129.91 Hourly support May 9 
*SUP 3: Y129.67 Hourly support May 9 
*SUP 4: Y129.19 200-WMA
*COMMENTARY: Bulls took comfort in support around the 200-WMA last week when
combined with daily studies correcting from very O/S levels. The pair has worked
its way back towards Y131.27-131.60 where 55 & 21-DMAs are noted. Overall bulls
need a close above the 100-DMA (Y132.71) to shift focus to Y133.48-134.10. Bears
now need a close below Y130.75 to ease bullish pressure and below 2018 lows to
initially target the bear channel base around Y125.80.

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