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Bears Need Close Below Y108.12.....>

DOLLAR-YEN TECHS: Bears Need Close Below Y108.12
*RES 4: Y110.55 Hourly resistance Jan 23 
*RES 3: Y110.18 Low Jan 18 now resistance 
*RES 2: Y109.76 High Jan 26 
*RES 1: Y109.20 Highs Jan 29 & 30
*PRICE: Y108.73 @ 2000GMT
*SUP 1: Y108.40 Low Jan 30 
*SUP 2: Y108.27 Low Jan 26 
*SUP 3: Y108.12 Low Sept 11 
*SUP 4: Y107.58 Weekly Triangle base
*COMMENTARY: Immediate bearish focus remains on Y107.31-58 where 2017 lows and
the weekly triangle base are located. O/S daily studies and Bollinger base
(Y108.22) remain concerns and currently limit follow through. Support is
starting to emerge on dips, but bulls still need a close above Y110.18 to ease
bearish pressure and target a correction back to Y110.97-111.98 where key DMAs
are noted. Bears need a close below Y108.12 to add weight to their case.

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