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AUSSIE-YEN TECHS: Y85.45-95 Resistance Key This......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Y85.45-95 Resistance Key This Week
*RES 4: Y86.58 - High Nov 15 
*RES 3: Y86.12 - Hourly resistance Nov 15 
*RES 2: Y85.95 - 200-DMA 
*RES 1: Y85.45 - Hourly support Nov 17 now resistance
*PRICE: Y84.86 @ 2030GMT
*SUP 1: Y84.72 - Low Nov 24
*SUP 2: Y84.48 - Low Nov 20
*SUP 3: Y83.72 - Low June 22
*SUP 4: Y83.18 - 100-WMA
*COMMENTARY: A double daily bottom has been left in place around Y84.48 which is
less than ideal given daily studies looking to correct from very O/S levels. In
saying that, bulls need a close above Y85.45 to ease bearish pressure and above
the 200-DMA to hint at a move back to Y87.49-88.09 where 55 & 100-DMAs are
noted. While Y85.45 caps bears favour a break of Y84.48 but need a close below
the 100-WMA to target 2017 lows (Y81.49).

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