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

EURO-YEN TECHS
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.

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