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Pressure Returns To Y133.49 *RES.....>

EURO-YEN TECHS
EURO-YEN TECHS: Pressure Returns To Y133.49
*RES 4: Y134.41 2017 High Sept 22
*RES 3: Y134.25 High Sept 25
*RES 2: Y133.85 Bollinger band top
*RES 1: Y133.49 Hourly resistance Sept 25 & High Oct 12
*PRICE: Y133.29 @ 0430GMT
*SUP 1: Y132.95 Hourly resistance Oct 13 now support 
*SUP 2: Y132.68 21-DMA 
*SUP 3: Y132.44 Alternating hourly support/resistance 
*SUP 4: Y131.95 Hourly support Oct 18
*COMMENTARY: The sell-off from last week's Y133.49 topside failure resulted in a
break of Y131.74 but follow through was lacking. The rally Wednesday managed a
close above the 21-DMA with immediate pressure on Y133.49. Bulls look for a
close above this level to shift immediate focus to Y134.25-134.59. Layers of
support are building with bears needing a close below Y132.44 to shift focus
back to Y131.25-131.65 where the 55-DMA is noted.

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