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AUSSIE-YEN TECHS: Immediate Focus Back On 2018 Low...>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Immediate Focus Back On 2018 Low
*RES 4: Y83.54 - Hourly resistance May 23 
*RES 3: Y82.39 - 55-DMA 
*RES 2: Y82.23 - Hourly resistance May 29a 
*RES 1: Y81.85 - Hourly resistance May 29
*PRICE: Y81.60 @ 2130GMT
*SUP 1: Y81.09 - Low May 29
*SUP 2: Y80.77 - Low Mar 28
*SUP 3: Y80.51 - 2018 Low Mar 23
*SUP 4: Y80.24 - Low Nov 11 2016
*COMMENTARY: The lack of follow through above the 100-DMA has now seen the pair
aggressively break the Y82.00 support and return immediate focus to retests of
2018 lows. The Y80.24 support is now seen as key with bears needing a close
below to initially target Y76.78 Nov 2016 monthly lows. Layers of resistance
have followed the pair lower. Bulls now look for a close above the 55-DMA to
ease bearish pressure and shift focus back to Y83.54/84.51.

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