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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Need Close Below Y108.12
*RES 4: Y110.47 High Feb 2 
*RES 3: Y110.15 21-DMA 
*RES 2: Y109.63 Hourly support Feb 5 now resistance 
*RES 1: Y109.33 Hourly resistance Feb 5
*PRICE: Y108.46 @ 0530GMT
*SUP 1: Y108.40 Low Jan 30 
*SUP 2: Y108.27 Low Jan 26 
*SUP 3: Y108.12 Low Sept 11 
*SUP 4: Y107.76 Weekly Triangle base
*COMMENTARY: Topside failures around the 21-DMA have taken their toll with a
sell-off that sees immediate pressure on Y108.12-40 and overall focus on
Y107.31-76 where the rising weekly triangle base and 2017 lows are situated.
Daily studies lingering around O/S levels are less than ideal. Bulls now need a
close above Y109.63 to ease bearish pressure and above Y110.47 to initially
target Y111.22-112.59 where key DMAs and the bear channel top are noted.

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