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AUSSIE-YEN TECHS: Pressure Back On 55-DMA *RES 4:....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Pressure Back On 55-DMA
*RES 4: Y88.02 - High Aug 7 
*RES 3: Y87.61 - 21-DMA 
*RES 2: Y87.56 - High Aug 17 
*RES 1: Y86.78 - Alternating hourly support/resistance
*PRICE: Y86.34 @ 2100GMT
*SUP 1: Y86.12 - 55-DMA
*SUP 2: Y86.02 - Low Aug 15
*SUP 3: Y85.42 - Low July 5
*SUP 4: Y85.13 - 200-DMA
*COMMENTARY: The recovery from a dip below the 55-DMA (Y86.12) appears to be
struggling with the pair rejected ahead of the 21-DMA and key Y88.02 resistance.
Bulls need a close above Y88.02 to end bearish hopes and shift focus to
Y88.81-89.42 where 2017 highs are located. The pair remains heavy with bears
needing a close below the 55-DMA to add weight to the case for a test of 100 &
200-DMAs (Y84.82-85.13).

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