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Bears Need Close Below 100-DMA.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below 100-DMA
*RES 4: Y133.66 Hourly support Oct 24
*RES 3: Y133.18 High Nov 17
*RES 2: Y132.42 55-DMA
*RES 1: Y131.83 Hourly resistance Nov 20
*PRICE: Y131.38 @ 0530GMT
*SUP 1: Y131.22 100-DMA 
*SUP 2: Y131.17 Hourly support Nov 20 
*SUP 3: Y130.59 Low Sept 15 
*SUP 4: Y129.34 Low Sept 6
*COMMENTARY: The pair is again looking heavy having failed to trouble the double
daily top around Y134.50 where 2017 highs are situated. Bears now look for a
close below the 100-DMA to hint at a move back to Y127.42 with below Y130.59 to
add weight to their case. Bulls now need a close above the 55-DMA to ease
pressure on supports and shift focus back to Y133.86-134.50. The Bollinger base
(Y131.14) is the key concern for bears with potential to limit follow through.

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