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Y132.91-133.44 Support Key Today.....>

EURO-YEN TECHS
EURO-YEN TECHS: Y132.91-133.44 Support Key Today
*RES 4: Y135.84 Low Oct 21 2015 now resistance
*RES 3: Y134.59 Monthly High Dec 4 2015
*RES 2: Y134.41 2017 High Sept 22
*RES 1: Y134.25 High Sept 25
*PRICE: Y133.76 @ 0930GMT
*SUP 1: Y133.44 Hourly resistance Oct 20 now support 
*SUP 2: Y132.91 Hourly support Oct 19 
*SUP 3: Y132.44 Alternating hourly support/resistance 
*SUP 4: Y131.95 Hourly support Oct 18
*COMMENTARY: The sell-off from last week's Y133.49 topside failure resulted in a
break of Y131.74 but follow through was lacking. The rally Wednesday managed a
close above the 21-DMA with gains continuing and focus now having shifted to
Y134.25-59 where 2017 and monthly highs are situated. Layers of support are
building with bears needing a close below Y133.44 to gain breathing room and
below Y132.91 to hint at a deeper sell-off targeting Y131.65.

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