Bears Need Close Below Y112.30.....>

DOLLAR-YEN TECHS: Bears Need Close Below Y112.30

*RES 4: Y113.33 High Nov 16 

*RES 3: Y113.10 High Dec 4 

*RES 2: Y112.87 High Dec 5 

*RES 1: Y112.30 Alternating hourly support/resistance

*PRICE: Y112.14 @ 0530GMT

*SUP 1: Y111.82 Hourly support Dec 1 

*SUP 2: Y111.66 200-DMA 

*SUP 3: Y111.35 Low Nov 29 

*SUP 4: Y110.83 Monthly Low Nov 27

*COMMENTARY: The break of Y112.30 rings alarm bells for bulls with bears needing

a close below Y112.30 to ease pressure on resistance layers and below Y110.83 to

end bullish hopes, initially targeting Y109.52 with overall focus on 2017 lows.

Bulls now need a close above Y112.30 today to gain breathing room and above

Y112.87 to return pressure to Y113.33. Bulls need a close above Y113.33 to add

support to the case for a move initially targeting Y114.72 Nov highs.