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AUSSIE-YEN TECHS: Y87.24-88.03 Resistance Region.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Y87.24-88.03 Resistance Region Key
*RES 4: Y87.87 - 21-DMA 
*RES 3: Y87.24 - Hourly support Aug 9a now resistance 
*RES 2: Y87.10 - High Aug 10 
*RES 1: Y86.78 - Hourly resistance Aug 10a
*PRICE: Y86.13 @ 2100GMT
*SUP 1: Y86.03 - Hourly support Aug 11
*SUP 2: Y85.89 - 55-DMA
*SUP 3: Y85.42 - Low July 5
*SUP 4: Y85.04 - 200-DMA
*COMMENTARY: The 21-DMA (Y87.87) capped last week and set the scene for losses.
The dip below the 55-DMA lacked follow through Friday which is less than ideal
for bears who are focused on 100 & 200-DMAs. Layers of resistance remain with
bulls now needing a close above Y87.24 to shift focus to Y87.87-88.03 where the
21-DMA is noted. Bears look for a close below Y86.03 today to retain focus on
100 & 200-DMAs.

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