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Topside Follow Through Lacking.......>

EURO-YEN TECHS
EURO-YEN TECHS: Topside Follow Through Lacking
*RES 4: Y141.05 Monthly High June 4 2015
*RES 3: Y140.65 High June 18 2015
*RES 2: Y139.02 Monthly High Aug 2015
*RES 1: Y136.62 2018 High Jan 5
*PRICE: Y136.14 @ 0530GMT
*SUP 1: Y135.92 Hourly support Jan 8 
*SUP 2: Y135.61 High Jan 2 now support 
*SUP 3: Y134.78 Low Jan 3 
*SUP 4: Y134.28 Hourly support Dec 27
*COMMENTARY: Recent fresh 2+ year highs continue to add support to the bullish
case for a move targeting monthly highs Y139.02-141.05 although the lack of
follow through Friday was less than ideal. The Bolli top (Y136.66) & O/B studies
are key concerns for bulls. Layers of support remain in place with bears needing
a close below Y135.61 to ease bullish pressure and below Y134.78 to shift focus
back to Y133.88.

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