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AUSSIE-YEN TECHS: Y86.53-87.50 Resistance Region.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Y86.53-87.50 Resistance Region Key
*RES 4: Y87.50 - High Feb 5 
*RES 3: Y87.26 - 100-DMA 
*RES 2: Y86.63 - Alternating daily support/resistance 
*RES 1: Y86.53 - 200-DMA
*PRICE: Y86.23 @ 2030GMT
*SUP 1: Y85.45 - Hourly support Feb 6
*SUP 2: Y84.99 - 2018 Low Feb 6
*SUP 3: Y84.65 - Low Nov 30
*SUP 4: Y84.33 - Monthly Low Nov 27
*COMMENTARY: Monday's close below key DMAs was followed up with a sharp sell-off
Tuesday although follow through has been lacking. In saying that, the
Y86.53-87.50 resistance region is now key. Bulls need a close above Y86.63 to
ease bearish pressure and above Y87.50 to shift focus back to Y88.50-89.09 where
the bear channel top is situated. Bears currently focus on Nov lows while Y86.63
caps.

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