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Bears Need Close Below Y108.54.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Need Close Below Y108.54
*RES 4: Y109.90 Daily Bull channel top 
*RES 3: Y109.79 High Feb 8 
*RES 2: Y109.45 100-WMA 
*RES 1: Y109.19 High Apr 24
*PRICE: Y108.86 @ 0230GMT
*SUP 1: Y108.54 Hourly support Apr 23 
*SUP 2: Y108.27 Hourly resistance Apr 23 now support 
*SUP 3: Y107.85 High Apr 20 now support 
*SUP 4: Y107.48 Hourly support Apr 20
*COMMENTARY: Bulls flexed their muscles Monday confirming immediate focus on
WMAs & DMAs Y109.45-110.47. A close above Y110.47 is needed to confirm breaks
and target 2018 highs. Initial support is noted at Y108.54 with bears needing a
close below to gain breathing room. A close below Y107.85 is then needed to see
initial focus return to Y106.57-107.20 where the 21 (Y107.20) & 55 (Y106.82)
DMAs are situated. The Bollinger top (Y108.73) is the key concern for bulls.

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