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Bears Need Close Below 55-DMA *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below 55-DMA
*RES 4: Y131.70 2017 High Aug 30
*RES 3: Y131.54 Bollinger band top
*RES 2: Y131.35 High Sept 1
*RES 1: Y130.70 High Sept 4
*PRICE: Y130.08 @ 0430GMT
*SUP 1: Y129.69 21-DMA 
*SUP 2: Y129.60 Low Aug 29 
*SUP 3: Y129.22 55-DMA, Daily bull channel base 
*SUP 4: Y128.31 Low Aug 22
*COMMENTARY: Pressure remains on the 21-DMA following the failure to gain
traction topside above Y130.60 Monday with the Y129.22-69 support region key
today. Bears now need a close below the 55-DMA to end bullish hopes and shift
focus back to Y127.43. Correcting O/B daily studies are weighing on the pair.
Bulls now look for a close above Y130.70 to ease pressure on key supports and
return immediate focus to tests of recent 2017 highs.

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