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EURO-YEN TECHS: 21 & 55-DMAs Key
*RES 4: Y130.39 High Aug 16
*RES 3: Y129.82 Hourly resistance Aug 16
*RES 2: Y129.55 21-DMA
*RES 1: Y129.49 Hourly resistance Aug 17a & 25
*PRICE: Y129.25 @ 0430GMT
*SUP 1: Y129.15 Hourly support Aug 25
*SUP 2: Y128.69 Hourly support Aug 24
*SUP 3: Y128.29 55-DMA
*SUP 4: Y127.43 Low June 30
*COMMENTARY: Dips back towards the 55-DMA have continued to find support with
hesitation around the 21-DMA now a concern. Bulls need a close above the 21-DMA
to add support to the case for a move back to 2017 highs with above Y130.39
confirming a shift higher in focus. The 55-DMA is now key support. Bears look
for a close below the 55-DMA to shift immediate focus back to Y127.43 and then
Y125.31-1263.47 where the 100-DMA is noted.