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AUSSIE-YEN TECHS: Flirting With 100-WMA *RES 4:......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Flirting With 100-WMA
*RES 4: Y86.11 - Hourly resistance Feb 7 
*RES 3: Y85.59 - High Feb 13 
*RES 2: Y84.89 - High Feb 14 
*RES 1: Y84.23 - High Feb 14
*PRICE: Y83.70 @ 2030GMT
*SUP 1: Y83.50 - Low Feb 22
*SUP 2: Y83.32 - 2018 Low Feb 14
*SUP 3: Y82.56 - Low June 8
*SUP 4: Y81.76 - Lows May 18 & June 6 2017
*COMMENTARY: The recovery from 2018 lows saw pressure back on Y84.89. Bears take
comfort in the Y84.89 level capping with bulls needing a close above Y84.89 to
gain breathing room and above Y85.59 to shift focus back to Y86.61-87.50 where
key DMAs are clustered. Bears currently focus on Y81.50 Apr 2017 monthly lows
while Y84.89 caps with a close below the 100-WMA (Y83.64) to add to bearish
confidence. O/S studies remain a concern for bears.

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