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Bears Need Close Below Y105.22.....>

DOLLAR-YEN TECHS: Bears Need Close Below Y105.22
*RES 4: Y108.42 Low Feb 12 now resistance 
*RES 3: Y108.03 Low Feb 9 now resistance 
*RES 2: Y107.19 High Mar 1 
*RES 1: Y106.73 Hourly resistance Mar 12
*PRICE: Y106.35 @ 0220GMT
*SUP 1: Y105.79 Hourly support Mar 7 
*SUP 2: Y105.22 2018 Low Mar 2 
*SUP 3: Y101.15 Monthly Low Nov 9 2016 
*SUP 4: Y100.07 Monthly Lows Sept 22 & 27 2016
*COMMENTARY: Hesitation and a lack of follow through on recent 2018 lows is less
than ideal for bears who are currently focused on Y98.95-101.15. In saying that,
resistance layers remain with bulls still needing a close above Y107.19 to ease
bearish pressure. Above Y108.03 is needed to hint at a correction to
Y109.79-110.47 with above Y108.42 to confirm. Bears continue to look for a close
below Y105.22 to add weight to their case for a test of Y98.95-101.15.

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