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AUSSIE-YEN TECHS: Immediate Focus On Nov Lows *RES...>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Immediate Focus On Nov Lows
*RES 4: Y86.73 - High Feb 7 
*RES 3: Y86.54 - 200-DMA 
*RES 2: Y86.11 - Hourly resistance Feb 7 
*RES 1: Y85.28 - Hourly support Feb 8 now resistance
*PRICE: Y84.93 @ 2030GMT
*SUP 1: Y84.54 - Low Feb 8
*SUP 2: Y84.33 - Monthly Low Nov 27
*SUP 3: Y83.72 - Low June 22
*SUP 4: Y83.62 - 100-WMA
*COMMENTARY: Losses continue to define this week with immediate bearish focus on
Y84.33 Nov lows. Bears look for a close below this level to shift focus to
Y83.59-72 where the 100-WMA and daily bear channel base are located. Layers of
resistance are accumulating and weighing. Bulls now need a close above Y86.11 to
ease bearish pressure and above Y87.50 to shift focus back to Y88.50-89.09 where
the bear channel top is situated.

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