55-DMA & Y131.17 Levels Remain Key...>

EURO-YEN TECHS: 55-DMA & Y131.17 Levels Remain Key

*RES 4: Y133.88 High Nov 14

*RES 3: Y133.66 Hourly support Oct 24

*RES 2: Y133.18 High Nov 17

*RES 1: Y132.57 55-DMA

*PRICE: Y132.33 @ 0530GMT

*SUP 1: Y131.93 Hourly support Nov 24 

*SUP 2: Y131.64 Hourly support Nov 23 

*SUP 3: Y131.36 100-DMA 

*SUP 4: Y131.17 Hourly support Nov 20

*COMMENTARY: Despite looking heavy recently bears failed to take out the

100-DMA. Bears look for a close below Y131.17 to confirm a break of the 100-DMA

and hint at a move back to Y127.42 with below Y130.59 to add weight to their

case. The Bollinger base is noted at Y131.28 and is the key concern. Bulls look

for a close above the 55-DMA to shift focus back to Y133.88-134.50. While the

55-DMA caps bears retain focus on the 100-DMA.