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Bulls Focused On Y134.59 *RES 4:.....>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Focused On Y134.59
*RES 4: Y134.59 Monthly High Dec 4 2015
*RES 3: Y134.22 High Dec 9 2015
*RES 2: Y133.79 High Dec 16 2015
*RES 1: Y133.52 2017 High Sept 19
*PRICE: Y133.45 @ 0430GMT
*SUP 1: Y133.22 Hourly support Sept 19 
*SUP 2: Y132.58 Hourly support Sept 18 
*SUP 3: Y132.21 Hourly resistance Sept 15 now support 
*SUP 4: Y131.75 High Sept 14 now support
*COMMENTARY: The 21 (Y130.80) & 55 (Y130.07) DMAs and channel base supported
during Sept and support emerging on dips Friday provided the catalyst for a
rally to fresh 2017 and nearly 2yr highs with immediate focus on Y134.59.
Overall bullish focus remains on the channel top (Y138.59). The Bollinger top
(Y133.27) is the key concern for bulls. Bears need a close below Y132.58 to ease
bullish pressure and below Y131.75 to return focus to the 21-DMA/channel base.

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