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Topside Hesitation A Concern *RES....>

EURO-YEN TECHS
EURO-YEN TECHS: Topside Hesitation A Concern
*RES 4: Y132.23 2016 High Jan 29 2016 
*RES 3: Y131.70 2017 High Aug 30
*RES 2: Y131.61 Bollinger band top
*RES 1: Y131.18 Hourly resistance Sept 1
*PRICE: Y130.90 @ 0430GMT
*SUP 1: Y130.68 Low Aug 31 
*SUP 2: Y130.30 Hourly resistance Aug 29a now support 
*SUP 3: Y129.88 Hourly support Aug 29 
*SUP 4: Y129.60 Low Aug 29
*COMMENTARY: The rally that has defined the week so far is hesitating ahead of
recent 2017 highs which is less than ideal given the Bollinger band top limiting
follow through. Bears now need a close below Y130.70 to confirm a correction
back to Y129.00-72 where 21 & 55-DMAs and bull channel base are situated. Below
the 55-DMA is needed to add weight to the case for a test of Y127.43. Bulls need
a close above Y131.18 to gain breathing room.

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