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Supported Ahead Of Bull Channel......>

EURO-YEN TECHS
EURO-YEN TECHS: Supported Ahead Of Bull Channel Base
*RES 4: Y132.25 2016 High Jan 29
*RES 3: Y132.22 Bollinger band top
*RES 2: Y132.01 2017 High Sept 13
*RES 1: Y131.76 High Sept 14
*PRICE: Y131.45 @ 0430GMT
*SUP 1: Y130.97 Hourly support Sept 15
*SUP 2: Y130.50 Hourly support Sept 15a 
*SUP 3: Y130.41 Daily Bull channel base 
*SUP 4: Y129.88 55-DMA
*COMMENTARY: The 21 (Y130.30) & 55 (Y129.88) DMAs and the bull channel base have
supported during Sept and bulls take comfort in support emerging on Thursday's
dip back towards these levels. Bears continue to look for a close below Y129.25
to confirm breaks of key supports and shift focus back to Y127.40 where the
100-DMA is located. While the daily bull channel base supports bulls remain
focused on 2016 highs with a close above initially targeting Y134.60.

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