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Bulls Need Close Above 21-DMA *RES...>

EURO-YEN TECHS: Bulls Need Close Above 21-DMA
*RES 4: Y132.95 Hourly resistance Oct 13
*RES 3: Y132.64 21-DMA
*RES 2: Y132.44 Hourly support Oct 13 now resistance
*RES 1: Y132.21 Hourly support Oct 17 now resistance
*PRICE: Y132.10 @ 0930GMT
*SUP 1: Y131.95 Hourly support Oct 18 
*SUP 2: Y131.65 Low Oct 16 
*SUP 3: Y131.46 Bollinger band base 
*SUP 4: Y131.18 55-DMA
*COMMENTARY: The sell-off from last week's Y133.49 topside failure resulted in a
break of Y131.74 but follow through has so far been lacking. Focus has shifted
to the Y130.59-131.18 region where the 55-DMA is noted with a close below
Y130.59 to shift pressure to the 100-DMA (Y129.40). Layers of resistance remain
with bulls needing a close above the 21-DMA to gain breathing room and above
Y133.49 to shift focus to Y134.25-59 where 2017 and monthly highs are situated.

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