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AUSSIE-YEN TECHS: Pressuring Key Support *RES 4:.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Pressuring Key Support
*RES 4: Y88.37 - Hourly resistance Aug 1 
*RES 3: Y88.08 - 21-DMA 
*RES 2: Y87.69 - Hourly resistance Aug 8a 
*RES 1: Y87.47 - Hourly resistance Aug 8
*PRICE: Y87.34 @ 2100GMT
*SUP 1: Y87.24 - High Mar 20 now support
*SUP 2: Y86.59 - Low July 10
*SUP 3: Y85.66 - 55-DMA
*SUP 4: Y84.91 - 200-DMA
*COMMENTARY: The break of the 21-DMA Thursday added weight to the bearish case
with immediate pressure on Y87.24. Bears look for a close below to initially
target Y86.59 and then Y85.66 where the 55-DMA is located. Layers of resistance
are building and weighing. Bulls still need a close above the 21-DMA to ease
bearish pressure and above Y88.81 To shift initial focus back to 2017 highs
(Y89.41).

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