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Bulls Need Close Above Y133.88.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need Close Above Y133.88
*RES 4: Y134.50 2017 High Oct 25
*RES 3: Y134.17 Bollinger band top
*RES 2: Y133.47 Hourly resistance Dec 12
*RES 1: Y133.50 Hourly resistance Dec 14
*PRICE: Y133.33 @ 0230GMT
*SUP 1: Y133.17 Hourly resistance Dec 13 now support 
*SUP 2: Y132.58 Hourly support Dec 7 
*SUP 3: Y132.24 Low Dec 6 
*SUP 4: Y132.13 Daily Bull channel base off Aug Low
*COMMENTARY: Bulls take comfort in support emerging ahead of the 21 (Y132.81) &
55 (Y132.72) DMAs but need a close above Y133.88 to confirm initial focus on
tests of 2017 highs. The Y131.71-132.24 region where the 100-DMA and bull
channel base are situated remains key support. Bears need a close below Y131.71
to hint at a move back to the 200-DMA with below Y131.21 confirming. Daily
studies are well placed for bulls but the Bollinger top remains the key concern.