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Bears Need Close Below Y129.25.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below Y129.25
*RES 4: Y131.70 2017 High Aug 30
*RES 3: Y131.64 Bollinger band top
*RES 2: Y131.35 High Sept 1
*RES 1: Y131.10 High Sept 7
*PRICE: Y130.50 @ 0430GMT
*SUP 1: Y129.85 Low Sept 7 
*SUP 2: Y129.54 55-DMA 
*SUP 3: Y129.25 Low Sept 5 
*SUP 4: Y128.31 Low Aug 22
*COMMENTARY: Despite pressuring the 55-DMA and daily bull channel base (Y129.70)
bears have failed to manage the close below needed to confirm a break, ending
bullish hopes and shifting initial focus back to Y127.43 June 30 lows.
Thursday's rally lacked follow through but was enough to reconfirm bullish focus
on tests of 2017 highs. The Bollinger top remains a concern with potential to
limit follow through on a break of 2017 highs.

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