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AUSSIE-YEN TECHS: Focus Remains On 2017 Highs *RES...>

AUSSIE-YEN TECHS: Focus Remains On 2017 Highs
*RES 4: Y90.30 - 2017 High Sept 21 
*RES 3: Y89.67 - High Sept 25 
*RES 2: Y89.09 - High Oct 23 
*RES 1: Y88.99 - Bollinger band top
*PRICE: Y88.53 @ 2030GMT
*SUP 1: Y88.38 - Low Jan 19
*SUP 2: Y87.73 - Low Jan 16
*SUP 3: Y87.29 - 100-DMA
*SUP 4: Y86.66 - 55-DMA
*COMMENTARY: Bulls made up for the recent lack of topside follow through with an
aggressive rally and bullish close Wed that reconfirmed focus on Y89.09-90.30
where 2017 highs are situated. Daily studies are well placed for gains with
bulls needing a close above Y89.09 to add support to their case. Support layers
remain with bears needing a close below Y88.31 to gain breathing room and below
the 100-DMA to pressure 55 & 200-DMAs.

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