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AUSSIE-YEN TECHS: Bulls Need Close Above Y88.03......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bulls Need Close Above Y88.03
*RES 4: Y88.81 - High July 28 
*RES 3: Y88.02 - High Aug 7 
*RES 2: Y87.74 - 21-DMA 
*RES 1: Y87.46 - High Aug 16
*PRICE: Y87.39 @ 2100GMT
*SUP 1: Y86.96 - Hourly support Aug 16
*SUP 2: Y86.78 - Hourly resistance Aug 10 now support
*SUP 3: Y86.30 - Hourly support Aug 15
*SUP 4: Y86.05 - 55-DMA
*COMMENTARY: The recovery from a dip below the 55-DMA (Y86.05) continues with
focus having returned to Y87.74-88.02 where the 21-DMA is located. Bulls need a
close above Y88.02 to end bearish hopes and shift focus to Y88.81-89.42 where
2017 highs are located. Support layers are following the pair higher with bears
now needing a close below Y86.78 to ease pressure on the 21-DMA and retain focus
on Y85.43-86.05 where the 55-DMA is noted.

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