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AUSSIE-YEN TECHS: Topside Follow Through Lacking.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Topside Follow Through Lacking
*RES 4: Y89.67 - High Sept 25 
*RES 3: Y89.13 - Bollinger band top 
*RES 2: Y89.00 - High Oct 19 
*RES 1: Y88.69 - Hourly resistance Oct 20
*PRICE: Y88.59 @ 2000GMT
*SUP 1: Y88.37 - Low Oct 19
*SUP 2: Y88.20 - 21-DMA
*SUP 3: Y87.79 - Daily Bull channel base
*SUP 4: Y87.67 - 55-DMA
*COMMENTARY: Bulls managed a break of the key Y88.90 resistance last week but
follow through remains lacking. Support layers are starting to build with bears
needing a close below the 21-DMA (Y88.23) to confirm an easing of bullish
pressure and to shift focus back to Y87.23-79 where the 55-DMA and bull channel
base are situated. Bulls still look for a close above Y89.00 to confirm focus on
Y89.67-90.30.

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