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Bears Need Close Below 21-DMA *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below 21-DMA
*RES 4: Y133.88 High Nov 14
*RES 3: Y133.66 Hourly support Oct 24
*RES 2: Y133.54 Bollinger band top
*RES 1: Y133.23 High Nov 24
*PRICE: Y132.80 @ 0215GMT
*SUP 1: Y132.63 55-DMA 
*SUP 2: Y132.42 21-DMA 
*SUP 3: Y131.93 Hourly support Nov 24 
*SUP 4: Y131.64 Hourly support Nov 23
*COMMENTARY: Friday's closes above 21 & 55-DMAs shifted bullish focus back to
Y133.88-134.50. The Bollinger top is the key concern for bulls with potential to
limit follow through. The 21-DMA is key support today. Bears look for a close
below the 21-DMA to negate Friday's rally and return focus to the key
130.59-131.37 region where the 100-DMA is situated. Below Y130.59 is needed to
add weight to the case for a test of Y127.42 (Aug monthly low).

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