Bearish Threat Consumes *RES 4:....>

DOLLAR-YEN TECHS: Bearish Threat Consumes

*RES 4: 110.29 High Jan 17 and bull trigger

*RES 3: 109.87 High Jan 23

*RES 2: 109.65 High Jan 24

*RES 1: 109.27 High Jan 29

*PRICE: 108.50 @ 16:58 GMT Jan 31

*SUP 1: 108.31 Low Jan 31

*SUP 2: 108.27 76.4% retracement of the Jan 8 - Jan 17 rally

*SUP 3: 108.06 38.2% August - January rise

*SUP 4: 107.65 Low Jan 8 and key support

Downside momentum really picked up into the close Friday, pressuring prices to

multi-week lows. A bounce here would likely see a decent upward trendline form

from the August 2019 lows and confirmation would see prices re-challenge the

109.21 50-dma. Nonetheless, the bearish risk holds for now after 108.58 support

gave way. Bears target 108.27.