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Supported Ahead Of 21-DMA *RES 4:....>

EURO-YEN TECHS
EURO-YEN TECHS: Supported Ahead Of 21-DMA
*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: Y132.89 High Sept 28
*PRICE: Y132.70 @ 0830GMT
*SUP 1: Y132.07 Low Sept 27 
*SUP 2: Y131.91 21-DMA 
*SUP 3: Y131.83 Daily Bull channel base 
*SUP 4: Y131.74 Low Sept 26
*COMMENTARY: Repeated rejections ahead of the Y134.59 resistance took their toll
with a sell-off and bearish close Monday that saw pressure back on
Y130.47-131.89 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 Y127.42-128.38 with below the 200-WMA to confirm. Bulls still need a close
above Y133.49 to shift focus back to Y134.25-59.

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