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Bears Need Close Below Y131.74.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below Y131.74
*RES 4: Y134.41 2017 High Sept 22
*RES 3: Y134.25 High Sept 25
*RES 2: Y133.49 Hourly resistance Sept 25
*RES 1: Y133.11 High Sept 29
*PRICE: Y132.87 @ 0330GMT
*SUP 1: Y132.49 Hourly support Sept29 
*SUP 2: Y132.07 Low Sept 27 
*SUP 3: Y132.00 21-DMA 
*SUP 4: Y131.97 Daily Bull channel base
*COMMENTARY: Despite pressure returning to the daily bull channel base and
21-DMA last week, bears have so far failed to manage the close below Y131.72
needed to confirm breaks with below the 55-DMA needed to shift immediate focus
to Y127.42-128.46 where Aug lows and the 100-DMA are noted. Layers of resistance
remain with bulls needing a close above Y133.49 to shift focus back to
Y134.25-59.

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