Bulls Need Close Above Y132.44.......>

EURO-YEN TECHS: Bulls Need Close Above Y132.44

*RES 4: Y133.27 Hourly resistance Oct 12

*RES 3: Y132.95 Hourly resistance Oct 13

*RES 2: Y132.72 Hourly support Oct 13

*RES 1: Y132.44 Hourly support Oct 13 now resistance

*PRICE: Y131.95 @ 0930GMT

*SUP 1: Y131.65 Low Oct 16 

*SUP 2: Y131.46 Bollinger band base 

*SUP 3: Y131.19 55-DMA 

*SUP 4: Y130.59 Low Sept 15

*COMMENTARY: The sell-off from last week's Y133.49 topside failure has resulted

in a break of Y131.74 but follow through has so far been lacking. Focus has

shifted to the Y130.59-131.17 region where the 55-DMA is noted with a close

below Y130.59 to shift pressure to the 100-DMA (Y129.33). Layers of resistance

remain with bulls needing a close above Y132.44 to gain breathing room and above

Y133.49 to shift focus to Y134.25-59 where 2017 and monthly highs are situated.