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Bears Need Close Below 55-DMA......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Need Close Below 55-DMA
*RES 4: Y114.61 LT TL off 2015 High 
*RES 3: Y114.07 High Nov 9 
*RES 2: Y113.74 High Dec 12 
*RES 1: Y113.44 High Dec 22
*PRICE: Y113.30 @ 0210GMT
*SUP 1: Y113.08 High Dec 19 now support 
*SUP 2: Y112.92 55-DMA 
*SUP 3: Y112.86 21-DMA 
*SUP 4: Y111.98 Low Dec 6
*COMMENTARY: Follow through was lacking on dips last week closes above the
55-DMA seeing bulls initially focused on Y113.74-114.07. Bulls look for a close
above Y114.72 to target Y115.62 and then Y118.60 2017 highs. Bears still need a
close below the 55-DMA to ease bullish pressure and return focus to
Y110.83-111.98 where monthly lows, 100 & 200-DMAs are noted. Bears look for a
close below Y110.83 to target 2017 lows (Y107.31).

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