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Bulls Focused On Y131.40-64 *RES.....>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Focused On Y131.40-64
*RES 4: Y131.64 High Feb 4 2016 
*RES 3: Y131.40 2017 High Aug 2 
*RES 2: Y130.86 High Aug 7
*RES 1: Y130.70 Hourly resistance Aug 28
*PRICE: Y130.15 @ 0430GMT
*SUP 1: Y129.87 Hourly resistance Aug 25 now support 
*SUP 2: Y129.37 Hourly support Aug 25 
*SUP 3: Y129.01 Hourly support Aug 24 
*SUP 4: Y128.69 Hourly support Aug 24
*COMMENTARY: The pair found support on dips back towards the 55-DMA last week
with pressure on the 21-DMA (Y129.61) taking its toll resulting in a break and
close above the 21-DMA Friday. Immediate bullish focus is now on Y131.40-64 with
a close above Y131.64 needed to confirm focus on 2016 highs (Y132.23). Initial
support is noted at Y129.87 with bears needing a close below to ease immediate
bullish pressure and below Y129.37 to shift focus back to the 55-DMA (Y128.44).

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