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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Need Close Below Y108.12
*RES 4: Y111.23 High Jan 22 
*RES 3: Y110.47 High Feb 2 
*RES 2: Y110.03 21-DMA 
*RES 1: Y109.71 Hourly resistance Feb 7
*PRICE: Y109.44 @ 2000GMT
*SUP 1: Y108.87 Hourly support Feb 6 Jan 30 
*SUP 2: Y108.40 Low Jan 30 
*SUP 3: Y108.27 Low Jan 26 
*SUP 4: Y108.12 Low Sept 11
*COMMENTARY: Despite remaining capped around the 21-DMA bears have failed to
manage the break of Y108.12 needed to confirm initial focus on Y107.31-76 where
the rising weekly triangle base and 2017 lows are situated. Daily studies
correcting from O/S levels are less than ideal. Bulls now need a close above the
21-DMA to ease bearish pressure and above Y110.47 to initially target
Y111.22-112.53 where key DMAs and the bear channel top are noted.

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