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Bears Focusing On Y110.83-111.98...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Focusing On Y110.83-111.98
*RES 4: Y114.07 High Nov 9 
*RES 3: Y113.74 High Dec 12 
*RES 2: Y113.44 High Dec 22 
*RES 1: Y113.13 Low Dec 26 now resistance
*PRICE: Y112.72 @ 0530GMT
*SUP 1: Y111.98 Low Dec 6 
*SUP 2: Y111.66 200-DMA 
*SUP 3: Y111.35 Low Nov 29 
*SUP 4: Y110.83 Monthly Low Nov 27
*COMMENTARY: Bears take comfort in consolidation below 21 & 55-DMAs and the bull
channel base. Bulls need a close above Y113.13 to gain breathing room and hint
at a correction back to Y113.74-114.07. The closes below the 55-DMA (Y112.95)
confirmed a shift lower in focus with bears now targeting Y110.83-111.98 where
monthly lows, 100 & 200-DMAs are noted. Bears need a close below Y110.83 to
target 2017 lows (Y107.31).

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