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AUSSIE-YEN TECHS: Looking to Gain Traction Below.....>

AUSSIE-YEN TECHS: Looking to Gain Traction Below Bull Channel Base
*RES 4: Y88.38 - Hourly resistance Oct 5a 
*RES 3: Y88.03 - Hourly resistance Oct 5 
*RES 2: Y87.78 - High Oct 10 
*RES 1: Y87.57 - Hourly support Oct 10 now resistance
*PRICE: Y87.45 @ 2000GMT
*SUP 1: Y87.23 - Low Oct 10
*SUP 2: Y87.18 - Bollinger band base
*SUP 3: Y86.54 - Low Sept 6
*SUP 4: Y86.52 - 100-DMA
*COMMENTARY: The close below the 55-DMA (Y87.67) Friday left the pair looking
heavy and flirting with the daily bull channel base (Y87.73). Y87.23 to confirm
a break of the channel base and initially focus on Y86.52-54 with overall focus
on Y85.45-79 where the 200-DMA is found. O/S studies are the key concern for
bears. Bulls need a close above Y88.03 to gain breathing room and above Y89.05
to shift focus back to Y89.73-90.31.

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