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Y128.91 & Y130.39 Levels Now Key.....>

EURO-YEN TECHS
EURO-YEN TECHS: Y128.91 & Y130.39 Levels Now Key
*RES 4: Y131.13 High Aug 4 
*RES 3: Y130.87 High Aug 7 
*RES 2: Y130.39 High Aug 16
*RES 1: Y129.82 Hourly resistance Aug 16
*PRICE: Y129.43 @ 0430GMT
*SUP 1: Y129.12 Hourly support Aug 17 
*SUP 2: Y128.91 Low Aug 14 
*SUP 3: Y128.56 Hourly support Aug 11 
*SUP 4: Y127.99 Low July 6
*COMMENTARY: The break of the 21-DMA and Y130.23 lacked follow through Wednesday
with the bearish close leaving the pair looking a little heavy. Bears now look
for a close below Y128.91 to reconfirm immediate focus on Y127.78-99 where the
55-DMA is located. Initial resistance is now noted at Y129.82 with bulls needing
a close above to gain breathing room and above Y130.38 to shift focus to
Y131.13-40 and then Y132.23 2016 highs.

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