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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: Y84.53 - High June 7 
*RES 3: Y84.27 - Hourly resistance June 7a 
*RES 2: Y83.88 - Hourly resistance June 7 
*RES 1: Y83.34 - Low June 5 now resistance
*PRICE: Y83.00 @ 2130GMT
*SUP 1: Y82.65 - 55-DMA
*SUP 2: Y81.99 - Low May 31
*SUP 3: Y81.04 - Low May 30
*SUP 4: Y80.77 - Low Mar 28
*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
the 55-DMA. 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 although Y81.99 may slow the move. Bulls now need a close above
Y84.18 to gain breathing room and return focus to Y84.51-89.

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