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AUSSIE-YEN TECHS: Below 55-DMA To Target 2018 Low....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Below 55-DMA To Target 2018 Low
*RES 4: Y84.89 - High Feb 21 
*RES 3: Y84.53 - High June 7 
*RES 2: Y84.27 - Hourly resistance June 7a 
*RES 1: Y83.88 - Hourly resistance June 7
*PRICE: Y83.61 @ 2130GMT
*SUP 1: y83.34 - Low June 5
*SUP 2: Y83.07 - 21-DMA
*SUP 3: Y82.94 - High June 1 now support
*SUP 4: Y82.63 - 55-DMA
*COMMENTARY: The marginal break of the Y84.51 resistance was quickly reversed
Thursday with a sell-off that leaves the pair looking offered and focus back on
Y82.57-83.34 where 21 (Y83.07) & 55 (Y82.63) DMAs are noted. The close below
Y83.93 provides bears breathing room with a close below the 55-DMA needed to end
bullish hopes and shift focus back to Y80.51-81.04. Bulls now need a close above
Y84.89 to target the 200-DMA (Y85.39) & 55-WMA (Y85.45).

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