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

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Focused On Y134.59
*RES 4: Y135.84 Low Oct 21 2015 now resistance
*RES 3: Y134.59 Monthly High Dec 4 2015
*RES 2: Y134.22 High Dec 9 2015
*RES 1: Y134.17 2017 High Sept 19
*PRICE: Y133.86 @ 0430GMT
*SUP 1: Y133.60 Hourly resistance Sept 19 now support 
*SUP 2: Y133.22 Hourly support Sept 19 
*SUP 3: Y132.58 Hourly support Sept 18 
*SUP 4: Y132.21 Hourly resistance Sept 15 now support
*COMMENTARY: The 21 (Y131.06) & 55 (Y130.18) DMAs & channel base supported
during Sept and support emerging on dips Friday provided the catalyst for a
rally to repeated fresh 2017 and nearly 2yr highs with immediate focus on
Y134.59. Overall bullish focus remains on the channel top (Y138.74). The Bolli
top (Y133.76) is the key concern. Bears now need a close below Y133.22 to gain
breathing room and below Y132.31 to return focus to the 21-DMA/channel base.

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