EURO-YEN TECHS: Support Line At Y145.10 Pivotal & Vulnerable
CURRENT PRICE: Y145.80
COMMENTARY: Support line at Y145.10 is pivotal for the cross which is
so far underpinning but the reversal in daily studies from overbought
territory implies a downside break. Break favours correction to extend
to Y144.65 -- 38.2% of Y147.40 to Y140.25. Resistance is at Y145.90 (21-day moving average) and Tenkan line at Y146.20 seen capping.
CURRENT PRICE: Y145.80
COMMENTARY: Support line at Y145.10 is pivotal for the cross which is
so far underpinning but the reversal in daily studies from overbought
territory implies a downside break. Break favours correction to extend
to Y144.65 -- 38.2% of Y147.40 to Y140.25. Resistance is at Y145.90 (21-day moving average) and Tenkan line at Y146.20 seen capping.
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