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Bears Need Close Below 100-WMA.....>

DOLLAR-YEN TECHS: Bears Need Close Below 100-WMA
*RES 4: Y111.48 High Jan 18 
*RES 3: Y110.75 Daily Bull channel top 
*RES 2: Y110.49 55-WMA 
*RES 1: Y110.21 200-DMA
*PRICE: Y109.66 @ 0230GMT
*SUP 1: Y109.49 100-WMA 
*SUP 2: Y108.97 Hourly support Apr 25 
*SUP 3: Y108.54 Hourly support Apr 23 
*SUP 4: Y108.27 Hourly resistance Apr 23 now support
*COMMENTARY: Bulls take comfort in the closes above the 100-WMA with immediate
bullish focus on Y110.22-49 where the 200-DMA and 55-WMA are located. Bulls need
a close above the 55-WMA to initially target Y111.48-98. O/B studies remain the
key concern for bulls. Bears still need a close below the 100-WMA to gain
breathing room and hint at a correction back to Y108.54-97 where the 100-DMA
(Y108.75) is found.

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