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Initial Focus On 2017 High *RES 4:...>

EURO-YEN TECHS
EURO-YEN TECHS: Initial Focus On 2017 High
*RES 4: Y136.95 Monthly High Oct 9 2015
*RES 3: Y136.40 High Oct 21 2015
*RES 2: Y135.84 Low Oct 21 2015 now resistance
*RES 1: Y134.50 2017 High Oct 25
*PRICE: Y133.92 @ 0240GMT
*SUP 1: Y133.31 Hourly resistance Nov 30 now support 
*SUP 2: Y132.65 Hourly support Nov 30 
*SUP 3: Y132.52 21-DMA 
*SUP 4: Y131.71 Low Nov 28
*COMMENTARY: Support emerging on dips back towards the 100-DMA has provided the
base for a close above Y133.23 that sees immediate bullish focus back on tests
of 2017 highs. Bulls now need a close above Y134.50 to shift overall focus to
the Y139.02-141.04 region last seen in 2015. Bulls will need a close above
Y136.95 to add support to their case. Bears now look for a close below Y133.31
to ease pressure on 2017 highs and target a correction back to Y130.59-131.71.

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