Above Y110.77 To Gain Breathing....>

DOLLAR-YEN TECHS: Above Y110.77 To Gain Breathing Room

*RES 4: Y111.70 Hourly support July 26 now resistance 

*RES 3: Y111.39 Hourly resistance July 27 

*RES 2: Y110.77 High July 31 

*RES 1: Y110.59 High Aug 1

*PRICE: Y110.37 @ 2030GMT

*SUP 1: Y109.91 Low Aug 1 

*SUP 2: Y109.70 55-WMA 

*SUP 3: Y109.25 Low June 15 

*SUP 4: Y108.69 Monthly Low June 14

*COMMENTARY: Pressure on Y110.34 took its toll with the pair remaining heavy and

bears focused on Y108.69-109.70 where the 55-WMA and monthly lows are situated.

Layers of resistance remain with bulls needing a close above Y110.77 to gain

breathing room and hint at a bounce back to layers of resistance Y111.39-112.87

where DMAs are located. O/S daily studies and the Bollinger base (Y109.87)

remain key concerns for bears with potential to limit follow through.