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Bears Focused On Y131.74 *RES 4:.....>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Focused On Y131.74
*RES 4: Y133.27 Hourly resistance Oct 12
*RES 3: Y132.95 Hourly resistance Oct 13
*RES 2: Y132.72 Hourly support Oct 13
*RES 1: Y132.44 Hourly support Oct 13 now resistance
*PRICE: Y132.13 @ 0430GMT
*SUP 1: Y131.97 Hourly support Oct 9 
*SUP 2: Y131.74 Low Sept 26 
*SUP 3: Y131.13 55-DMA 
*SUP 4: Y130.59 Low Sept 15
*COMMENTARY: Y133.49 confirmed significance having capped Thursday with the
sell-off now seeing bears focused on Y131.74. Bears look for a close below this
level to pressure the 55-DMA (Y131.13). Bulls still need a close above Y132.95
to gain breathing room and above Y133.49 to shift focus to Y134.25-59 where 2017
and monthly highs are situated. Daily studies have corrected back to neutral
levels and are giving away few clues at present.

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