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AUSSIE-YEN TECHS: Bulls Need Close Above 200-DMA.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bulls Need Close Above 200-DMA
*RES 4: Y87.22 - 55-DMA 
*RES 3: Y86.58 - High Nov 15 
*RES 2: Y86.12 - Hourly resistance Nov 15 
*RES 1: Y85.89 - 200-DMA
*PRICE: Y85.57 @ 2030GMT
*SUP 1: Y85.47 - Hourly resistance Dec 1 now support
*SUP 2: Y84.94 - Low Dec 1
*SUP 3: Y84.65 - Low Nov 30
*SUP 4: Y84.33 - Low Nov 27
*COMMENTARY: O/S daily studies appear to be impacting with the pair finding
support on dips last week and focus on the close above the 200-DMA needed to
confirm an easing of bearish pressure. Overall a close above Y86.58 is needed to
confirm a return in focus to Y87.22-67 where 55 & 100-DMAs and the bear channel
top are situated. The Y84.94 support is key today. Bears need a close below to
ease pressure on the 200-DMA and retain initial focus on Y84.33.

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