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Bears Focused On 2017 Low *RES.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Focused On 2017 Low
*RES 4: Y110.61 Hourly support Aug 16 now resistance 
*RES 3: Y110.37 High Aug 17 
*RES 2: Y110.03 Hourly resistance Aug 17 
*RES 1: Y109.60 High Aug 18
*PRICE: Y109.23 @ 0430GMT
*SUP 1: Y108.93 Hourly resistance Aug 18 now support 
*SUP 2: Y108.61 Low Aug 18 
*SUP 3: Y108.10 2017 Low Apr 17 
*SUP 4: Y106.95 High Nov 10 now support
*COMMENTARY: The recovery from previous week's lows ended ahead of key DMAs
Wednesday with fresh 4mth lows Friday confirming focus on tests of 2017 lows.
Initial resistance is noted at Y109.60 with bulls needing a close above to gain
breathing room. Bulls continue to look for a close above Y110.61 to return focus
to Y111.05-29 and above this region to shift focus back to the 200-DMA
(Y112.56). Fresh 2017 lows see focus shift to the Y106.95 support.

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