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DOLLAR-YEN TECHS: Bears Need Close Below Y112.57
*RES 4: Y114.72 High Nov 6, LT TL off 2015 High
*RES 3: Y114.07 High Nov 9
*RES 2: Y113.74 High Dec 12
*RES 1: Y113.30 Hourly resistance Dec 13
*PRICE: Y112.62 @ 2000GMT
*SUP 1: Y112.57 Hourly support Dec 7a
*SUP 2: Y112.33 Hourly resistance Dec 7a now support
*SUP 3: Y111.98 Low Dec 6
*SUP 4: Y111.65 200-DMA
*COMMENTARY: Recent topside hesitation has seen the pair head lower & looking
heavy. The Y112.57 support is key with bears needing a close below to shift
focus to Y110.83-111.67 where monthly lows, 100 & 200-DMAs are noted. Initial
resistance is noted at Y113.30 with bulls needing a close above to ease bearish
pressure whereas a close above Y114.06 is now needed to reconfirm a bullish bias
that initially targets Y114.72 where the LT TL off 2015 highs is found.