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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Now Focused On 2017 Low
*RES 4: Y112.28 100-DMA 
*RES 3: Y111.98 Low Dec 6 now resistance 
*RES 2: Y111.71 200-DMA 
*RES 1: Y111.19 High Jan 15
*PRICE: Y110.92 @ 0530GMT
*SUP 1: Y110.30 2018 Low Jan 15 
*SUP 2: Y109.72 Daily Bear channel base 
*SUP 3: Y109.54 Low Sept 15 
*SUP 4: Y107.31 2017 Low Sept 8
*COMMENTARY: The correction lower that began with failures ahead of Y113.44 sees
bears initially focused on Y109.54-72 where the bear channel base is situated
with overall focus on tests of 2017 lows. Layers of resistance are accumulating
and weighing. Bulls need a close above Y111.19 to gain breathing room and above
the 100-DMA to shift focus back to Y112.67-113.44 where the 55-DMA and bear
channel top are noted.

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