Bears Now Need Close Below Y131.45...>

EURO-YEN TECHS: Bears Now Need Close Below Y131.45

*RES 4: Y133.50 Hourly support Oct 24

*RES 3: Y133.14 High Nov 2

*RES 2: Y132.61 Hourly support Nov 6 now resistance

*RES 1: Y132.41 High Nov 7

*PRICE: Y131.94 @ 0530GMT

*SUP 1: Y131.77 Hourly support Oct 31a 

*SUP 2: Y131.45 Low Oct 30 

*SUP 3: Y130.75 100-DMA 

*SUP 4: Y130.59 Low Sept 15

*COMMENTARY: Pressure returning to the 55-DMA (Y132.14) has taken its toll with

bears looking to gain traction below. Bears look for a close below Y131.45 to

shift immediate focus to Y130.59-75 where the 100-DMA is noted and overall focus

to Y127.50. Bulls now need a close above Y132.61 to return pressure to Y133.14

and above this level to confirm an easing of bearish pressure and shift focus to

Y134.50-59. A close above Y134.59 potentially targets Y139.00-141.00.