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AUSSIE-YEN TECHS: Bulls Need Close Above Y85.36......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bulls Need Close Above Y85.36
*RES 4: Y86.58 - High Nov 15 
*RES 3: Y86.19 - High Dec 5 
*RES 2: Y85.68 - High Dec 6 
*RES 1: Y85.36 - Hourly resistance Dec 6a, High Dec 8
*PRICE: Y85.16 @ 2030GMT
*SUP 1: Y84.65 - Low Nov 30
*SUP 2: Y84.33 - Monthly Low Nov 27
*SUP 3: Y83.72 - Low June 22
*SUP 4: Y83.65 - Daily Bear channel base
*COMMENTARY: The recovery from recent 5mth lows struggled around the 200-DMA
with follow through lacking on pops above. The close below Y85.34 Wednesday left
the pair looking heavy. Bears look for a close below Y84.33 to pressure
Y83.65-72 where the daily bear channel base is noted. Below the channel base is
needed to confirm focus on tests of Y81.46-76 where 2017 lows are noted. Bulls
still need a close above Y85.36 to ease bearish pressure.

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