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Y134.59 Resistance Remains Key.......>

EURO-YEN TECHS
EURO-YEN TECHS: Y134.59 Resistance Remains Key
*RES 4: Y138.17 Weekly Bull channel top
*RES 3: Y135.84 Low Oct 21 2015 now resistance
*RES 2: Y134.59 Monthly High Dec 4 2015
*RES 1: Y134.50 2017 High Oct 25
*PRICE: Y134.24 @ 0430GMT
*SUP 1: Y133.99 Hourly support Oct 25 
*SUP 2: Y133.75 Hourly support Oct 25a 
*SUP 3: Y133.50 Hourly support Oct 24 
*SUP 4: Y133.03 Low Oct 23
*COMMENTARY: Hesitation ahead of Y134.59 is less than ideal for bulls who look
for a close above Y134.59 to potentially target Y139.02-141.05. Daily studies
approaching O/B and the Bollinger band top (Y134.29) remain concerns for bulls
and currently limit follow through. Bears now need a close below Y133.50 to ease
bullish pressure and below the 21-DMA (Y132.89) to hint at a deeper sell-off
targeting Y131.63-65 where the 55-DMA is situated.

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