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Y131.45 Support Key Today *RES 4:....>

EURO-YEN TECHS
EURO-YEN TECHS: Y131.45 Support Key Today
*RES 4: Y133.12 Hourly resistance Oct 26
*RES 3: Y132.71 21-DMA
*RES 2: Y132.30 High Oct 30
*RES 1: Y131.94 Hourly resistance Oct 30
*PRICE: Y131.64 @ 0530GMT
*SUP 1: Y131.45 Low Oct 30 
*SUP 2: Y131.27 Bollinger band base 
*SUP 3: Y130.59 Low Sept 15 
*SUP 4: Y130.24 100-DMA
*COMMENTARY: Hesitation ahead of Y134.59 resulted in a sell-off with the pair
currently flirting with the 55-DMA (Y131.74). Bears now look for a close below
Y131.45 to confirm a break of the 55-DMA and shift immediate focus to Y130.24-59
and overall focus to Y127.50. The Bollinger base is the key concern for bears
with potential to limit follow through. Bulls now need a close above Y132.30 to
ease bearish pressure and above Y133.50 to shift focus back to Y133.99-134.59.

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