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AUSSIE-YEN TECHS: Bears Focused On Y81.50 *RES 4:....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bears Focused On Y81.50
*RES 4: Y86.60 - 200-DMA 
*RES 3: Y86.11 - Hourly resistance Feb 7 
*RES 2: Y85.59 - High Feb 13 
*RES 1: Y84.89 - High Feb 14
*PRICE: Y84.55 @ 2030GMT
*SUP 1: Y84.16 - Hourly support Feb 19
*SUP 2: Y83.85 - Hourly support Feb 14
*SUP 3: Y83.64 - 100-WMA
*SUP 4: Y83.32 - 2018 Low Feb 14
*COMMENTARY: The recovery from 2018 lows sees immediate pressure back on Y84.89.
Bears take comfort in the Y84.89 level capping as bulls now need a close above
Y84.89 to gain breathing room and above Y85.59 to shift focus back to
Y86.60-87.50 where key DMAs are clustered. Bears currently focus on Y81.50 Apr
2017 monthly lows while Y84.89 caps with a close below the 100-WMA to add to
bearish confidence. O/S studies remain a concern for bears.

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