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

EURO-YEN TECHS: Bulls Need Close Above 21-DMA

*RES 4: Y133.49 Hourly resistance Sept 25 & High Oct 12

*RES 3: Y133.27 Hourly resistance Oct 12

*RES 2: Y132.95 Hourly resistance Oct 13

*RES 1: Y132.67 21-DMA

*PRICE: Y132.43 @ 0930GMT

*SUP 1: Y131.95 Hourly support Oct 18 

*SUP 2: Y131.65 Low Oct 16 

*SUP 3: Y131.50 Bollinger band base 

*SUP 4: Y131.21 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 (Y129.43). 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.