Pressuring Key Supports *RES 4:......>

EURO-YEN TECHS: Pressuring Key Supports

*RES 4: Y134.25 High Sept 25

*RES 3: Y133.49 Hourly resistance Sept 25

*RES 2: Y133.01 Hourly support Sept 25 now resistance

*RES 1: Y132.58 Hourly support Sept 18 now resistance

*PRICE: Y132.21 @ 0430GMT

*SUP 1: Y131.88 Low Sept 25 

*SUP 2: Y131.68 21-DMA 

*SUP 3: Y131.40 Daily Bull channel base 

*SUP 4: Y130.59 Low Sept 15

*COMMENTARY: Repeated rejections ahead of the Y134.59 resistance have taken

their toll with a sell-off and bearish close Monday that sees pressure back on

the Y130.40-131.90 support region where the bull channel base, 21 & 55-DMAs &

200-WMA are located. Bears need a close below the channel base to add weight to

the case for a test of Y127.42-128.31 with below the 55-DMA to confirm. Bulls

now need a close above Y133.49 to shift focus back to Y134.25-59.