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Bears Need Close Below Y110.34.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Need Close Below Y110.34
*RES 4: Y112.52 21-DMA 
*RES 3: Y112.18 High July 26 
*RES 2: Y111.70 Hourly support July 26 now resistance 
*RES 1: Y111.32 Hourly resistance July 26
*PRICE: Y110.91 @ 0430GMT
*SUP 1: Y110.62 Low June 16 
*SUP 2: Y110.60 Bollinger band base 
*SUP 3: Y110.34 High June 14 now support 
*SUP 4: Y109.25 Low June 15
*COMMENTARY: Focus has returned to Y110.34-62 following the rejection above the
200-DMA (Y112.10) Wednesday. The pair is again looking heavy with bears looking
for a close below Y110.34 to confirm a shift in focus to Y108.81-109.25. O/S
studies looking to correct remain the key concern for bears. In saying that,
bulls now need a close above Y111.32 to gain breathing room and above Y111.70 to
shift focus to Y112.18-87 where the 21-DMA is located.

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