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AUSSIE-YEN TECHS: Bears Still Need Close Below.......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bears Still Need Close Below Y88.22
*RES 4: Y90.30 - 2017 High Sept 21 
*RES 3: Y89.67 - High Sept 25 
*RES 2: Y89.42 - Daily Bull channel top 
*RES 1: Y89.09 - High Oct 23
*PRICE: Y88.88 @ 2030GMT
*SUP 1: Y88.42 - Hourly resistance Jan 4 now support
*SUP 2: Y88.22 - Hourly support Jan 4
*SUP 3: Y87.52 - High Dec 22 now support
*SUP 4: Y87.16 - 100-DMA
*COMMENTARY: Gains continue with pressure on the 100-DMA in recent weeks taking
its toll and the close above shifting overall focus to tests of 2017 highs
(Y90.30). O/B daily studies looking to correct are the key concern for bulls
with potential to limit follow through. Bears still need a close below Y88.22 to
gain breathing room and below Y87.52 to shift focus back to key DMAs
Y86.56-87.16.

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