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Flirting with Bull Channel Base......>

EURO-YEN TECHS
EURO-YEN TECHS: Flirting with Bull Channel Base
*RES 4: Y133.99 Alternating hourly support/resistance
*RES 3: Y133.50 Hourly support Oct 24 now resistance
*RES 2: Y133.24 Hourly support Oct 26 now resistance
*RES 1: Y132.96 Hourly resistance Oct 26
*PRICE: Y132.76 @ 0430GMT
*SUP 1: Y132.57 Low Oct 26 
*SUP 2: Y132.44 Alternating hourly support/resistance 
*SUP 3: Y131.95 Hourly support Oct 18 
*SUP 4: Y131.67 55-DMA
*COMMENTARY: Continued hesitation ahead of Y134.59 resulted in a sell-off with
the pair flirting with the bull channel base (Y132.67). Bears need a close below
Y132.44 to confirm a break and shift immediate focus to the 55-DMA. Bears need a
close below the 55-DMA to target a deeper correction initially focused on
Y129.36-130.59 where the 100-DMA (Y130.08) is found. Bulls need a close above
Y133.50 to ease bearish pressure and above Y133.99 to return focus to Y134.59.

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