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Pressuring Key Support Region *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Pressuring Key Support Region
*RES 4: Y135.99 Low Jan 5 now resistance
*RES 3: Y135.48 Hourly resistance Jan 8
*RES 2: Y135.11 Low Jan 8 now resistance
*RES 1: Y134.57 Hourly resistance Jan 9
*PRICE: Y134.11 @ 0530GMT
*SUP 1: Y133.88 Hourly support Dec 20 
*SUP 2: Y133.60 Hourly support Dec 19 
*SUP 3: Y133.31 55-DMA 
*SUP 4: Y133.15 Daily Bull channel base
*COMMENTARY: The lack of topside follow through took its toll with a sell-off
that leaves the pair looking a little heavy. Daily studies correcting from O/B
add weight to the case for a deeper correction. Bears now need a close below the
100-DMA (Y132.77) to add weight to the case for a move targeting Y130.59-132.03.
Bulls now need a close above Y135.11 to ease bearish pressure and above Y135.99
to retain focus on Y139.02-141.05.

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