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EURO-YEN TECHS: Bears Need Close Below Y130.63
*RES 4: Y132.25 2016 High Jan 29
*RES 3: Y132.22 Bollinger band top
*RES 2: Y132.01 2017 High Sept 13
*RES 1: Y131.49 Hourly resistance Sept 14
*PRICE: Y131.21 @ 0430GMT
*SUP 1: Y130.90 High Sept 11 now support
*SUP 2: Y130.63 Hourly support Sept 12
*SUP 3: Y130.41 Daily Bull channel base
*SUP 4: Y129.82 55-DMA
*COMMENTARY: Despite recently trading at 2017 & 20mth highs the hesitation ahead
of 2016 highs and the Bollinger band top are a concern for bulls. Bulls now look
for a close above Y131.49 to retain focus on 2016 highs. The Y130.63 support is
key today. Bears look for a close below Y130.63 to shift immediate focus back to
Y129.25-130.41. Below Y129.25 remains needed to confirm a break of the 55-DMA &
channel base, ending bullish hopes and shifting initial focus to Y128.30.