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Bears Now Focused On 2017 Low......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Now Focused On 2017 Low
*RES 4: Y111.98 Low Dec 6 now resistance 
*RES 3: Y111.70 200-DMA, High Jan 12 
*RES 2: Y111.19 High Jan 15 
*RES 1: Y110.90 Low Jan 12 now resistance
*PRICE: Y110.42 @ 2000GMT
*SUP 1: Y109.72 Daily Bear channel base 
*SUP 2: Y109.54 Low Sept 15 
*SUP 3: Y107.31 2017 Low Sept 8 
*SUP 4: Y104.95 Low Now 10 2016
*COMMENTARY: The correction lower now sees bears initially focused on Y109.54-72
where the bear channel base is situated with overall focus on tests of 2017
lows. Daily studies have a little room to move before O/S is an issue. Layers of
resistance are accumulating and weighing. Bulls now need a close above Y111.19
to gain breathing room and above the 100-DMA to shift focus back to
Y112.72-113.44 where the 55-DMA and bear channel top are noted.

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