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AUSSIE-YEN TECHS: Y87.42-88.02 Resistance Region.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Y87.42-88.02 Resistance Region Key
*RES 4: Y88.02 - High Aug 7 
*RES 3: Y87.56 - High Aug 17 
*RES 2: Y87.42 - 21-DMA 
*RES 1: Y87.04 - High Aug 18
*PRICE: Y86.51 @ 2100GMT
*SUP 1: Y86.16 - Low Aug 21
*SUP 2: Y85.98 - Low Aug 18
*SUP 3: Y85.42 - Low July 5
*SUP 4: Y85.18 - 200-DMA
*COMMENTARY: The 21-DMA capped last week with bulls now needing a close above
Y87.56 to confirm a break of the 21-DMA, easing bearish pressure, and above
Y88.02 to end bearish hopes and shift focus to Y88.81-89.42 where 2017 highs are
located. Bulls take comfort in the recovery from below the 55-DMA (Y86.28) with
bears looking for a close below Y86.47 to retain focus on Y84.35-85.18 where 100
& 200-DMAs are situated.

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