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Bears Need Close Below Y110.02.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Need Close Below Y110.02
*RES 4: Y111.98 Low Dec 6 now resistance 
*RES 3: Y111.49 High Jan 18 
*RES 2: Y111.22 High Jan 22 
*RES 1: Y110.46 55-WMA
*PRICE: Y110.35 @ 2130GMT
*SUP 1: Y110.02 High May 2 now support 
*SUP 2: Y109.64 Low May 15 
*SUP 3: Y109.13 Low May 11 
*SUP 4: Y108.53 Low Apr 24
*COMMENTARY: Support emerging on dips provided the impetus for closes above the
200-DMA (Y110.18) with the pair hesitating around the 55-WMA. Bulls look for a
close above the 55-WMA to shift immediate focus to Y111.22-98 and overall focus
to the 200-WMA (Y112.97). Bears still need a close below Y110.02 to gain
breathing room and below the 100-DMA (Y108.41) to shift initial focus back to
Y107.34-85 where the 55-DMA is noted.

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