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Bears in the saddle: *RES 3:.........>

EURO-YEN TECHS: Bears in the saddle:
*RES 3: 119.53 Cloud Tenkan Sen
*RES 2: 118.94 Lower 1.0% 10-dma envelope
*RES 1: 118.51/55 Intraday high/Lower Boll Band (2%)
*PRICE: 117.97 @ 04:55 GMT Aug 05
*SUP 1: 117.68 Intraday/YTD low
*SUP 2: 117.42 Lower Bollinger Band (3%)
*SUP 3: 116.47 Low Apr 21, 2017
Market dynamics leave bears in the driving seat, with fresh YTD lows registered
in Asia hours. Bears now look for a move below the April 21 2017 low to open up
an attempt at their medium-term target at Y114.85. Bulls look to build a base
before considering higher levels but, for now, momentum is against them.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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