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AUSSIE-YEN TECHS: Y87.55-88.02 Resistance Region.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Y87.55-88.02 Resistance Region Remains Key
*RES 4: Y88.15 - Bollinger band top 
*RES 3: Y88.02 - High Aug 7 
*RES 2: Y87.56 - High Aug 17 
*RES 1: Y87.37 - High Aug 29
*PRICE: Y87.18 @ 2100GMT
*SUP 1: Y87.11 - High Aug 28 now support
*SUP 2: Y86.83 - Hourly support Aug 29
*SUP 3: Y86.67 - Hourly support Aug 29a
*SUP 4: Y86.12 - Hourly support Aug 29b
*COMMENTARY: Volatility saw the pair dip back towards the 100 & 200-DMAs in the
Y85.04-42 region before rallying aggressively to pressure the key Y87.56-88.02
resistance region. Bulls need a close above Y88.02 to end bearish hopes and
shift focus to Y88.81-89.42 where 2017 highs are noted. While Y87.56 caps bears
remain focused on Y85.04-42 where 100 (Y85.04) & 200 (Y85.30) DMAs are located
with a close below the 100-DMA to initially target Y83.72 June 22 lows.

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