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AUSSIE-YEN TECHS: Flirting With Bull Channel Base....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Flirting With Bull Channel Base
*RES 4: Y88.84 - Hourly support Oct 23 now resistance 
*RES 3: Y88.69 - High Oct 24 
*RES 2: Y88.37 - Low Oct 19 now resistance 
*RES 1: Y88.15 - 21-DMA
*PRICE: Y87.95 @ 0220GMT
*SUP 1: Y87.92 - Daily Bull channel base
*SUP 2: Y87.74 - 55-DMA
*SUP 3: Y87.23 - Low Oct 10
*SUP 4: Y87.13 - 10-DMA
*COMMENTARY: Topside follow through has been lacking so far this week with the
break of Y89.00 reversed and leaving the pair looking heavy Monday. Focus has
now returned to the daily bull channel base and 55-DMA with bears needing a
close below the 55-DMA to hint at a move back to Y85.45-94 with below the
100-DMA (Y87.13) to confirm. Bulls now need a close above Y88.37 to gain
breathing room and above Y89.09 to target 2017 highs.

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