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Y131.37 Resistance Key *RES 4:.......>

EURO-YEN TECHS
EURO-YEN TECHS: Y131.37 Resistance Key
*RES 4: Y132.28 Daily Bear channel top off 2018 high
*RES 3: Y131.37 High May 14
*RES 2: Y131.32 21-DMA
*RES 1: Y131.26 55-DMA
*PRICE: Y130.77 @ 0930GMT
*SUP 1: Y130.22 Hourly support May 17 
*SUP 2: Y129.51 Low May 16 
*SUP 3: Y129.19 200-WMA 
*SUP 4: Y128.94 2018 Low Mar 23
*COMMENTARY: The break of Y129.91 lacked follow through Wednesday which is less
than ideal for bears given daily studies correcting from O/S. Y131.37 is now key
resistance with bulls needing a close above to ease bearish pressure and above
the 100-DMA (Y132.59) to shift focus to Y133.48-134.10. While Y131.37 caps bears
initially focus on 2018 lows with a close below needed to target the daily bear
channel base around Y132.59 today.

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