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Bulls Retain Focus on 2017 High......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Retain Focus on 2017 High
*RES 4: Y136.40 High Oct 21 2015
*RES 3: Y135.84 Low Oct 21 2015 now resistance
*RES 2: Y134.50 2017 High Oct 25
*RES 1: Y133.88 High Dec 11
*PRICE: Y133.53 @ 0220GMT
*SUP 1: Y133.34 Hourly support Dec 8 
*SUP 2: Y132.98 Hourly resistance Dec 7 now support 
*SUP 3: Y132.58 Hourly support Dec 7 
*SUP 4: Y132.24 Low Dec 6
*COMMENTARY: Bears failed to capitalise on a close below 21 & 55 (Y132.70-84)
DMAs with the pair bouncing ahead of the bull channel base (Y132.02) & 100-DMA
(Y131.77) DMAs last week. Bears now need a close below Y133.34 to ease bullish
pressure and below Y132.98 to shift initial focus back to Y131.71-132.24 where
the 100-DMA and bull channel base are situated. While Y133.34 supports immediate
focus remains on 2017 highs with a close above Y133.88 to add to confidence.

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