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Y129.18-130.39 Resistance Region.....>

EURO-YEN TECHS
EURO-YEN TECHS: Y129.18-130.39 Resistance Region Key
*RES 4: Y130.39 High Aug 16 
*RES 3: Y129.82 Hourly resistance Aug 16 
*RES 2: Y129.49 Hourly resistance Aug 17a
*RES 1: Y129.18 Hourly resistance Aug 22
*PRICE: Y128.99 @ 0430GMT
*SUP 1: Y128.82 Hourly resistance Aug 22 now support 
*SUP 2: Y128.41 Alternating hourly support/resistance 
*SUP 3: Y128.13 Alternating hourly support/resistance 
*SUP 4: Y127.99 55-DMA
*COMMENTARY: The dip below the 55-DMA lacked follow through Friday which is a
concern given daily studies at modestly O/S levels and the proximity of the
Bollinger base (Y128.12). Bears continue to look for a close below Y127.43 to
target Y124.70-125.80 where the 100-DMA (Y125.12) is found. Layers of resistance
are building with bulls now needing a close above Y129.18 to ease immediate
bearish pressure and above Y130.39 to shift focus back to 2017 highs.

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