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

EURO-YEN TECHS
EURO-YEN TECHS: Y131.37 Resistance Key
*RES 4: Y132.21 Daily Bear channel top off 2018 high
*RES 3: Y131.37 High May 14
*RES 2: Y131.27 55-DMA
*RES 1: Y131.24 21-DMA
*PRICE: Y131.07 @ 0930GMT
*SUP 1: Y130.22 Low 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 remains
key resistance this week with bulls needing a close above to ease bearish
pressure and above the 100-DMA (Y132.54) 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 Y125.52 today.

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