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Under pressure from dollar-yen sales the...>

EURO-YEN
EURO-YEN: Under pressure from dollar-yen sales the cross has dropped to a fresh
low of Y129.14. Short-term indicators are pointing to a lack of topside
momentum, with bearish divergence seen on the daily charts. Support is now
located at Y129.08 (Aug15 low), key-support is then seen below at Y128.95
marking 61.8% fib retracement on Y128.05 to Y130.40 rise, while hourly
resistance lies around Y129.70. Euro-yen was last at Y129.34.

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