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Bears Still Need Close Below.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Still Need Close Below Y108.97
*RES 4: Y110.25 200-DMA 
*RES 3: Y110.18 Daily Bull channel top 
*RES 2: Y109.79 High Feb 8 
*RES 1: Y109.46 100-WMA
*PRICE: Y109.23 @ 0230GMT
*SUP 1: Y108.97 Hourly support Apr 25 
*SUP 2: Y108.54 Hourly support Apr 23 
*SUP 3: Y108.27 Hourly resistance Apr 23 now support 
*SUP 4: Y107.85 High Apr 20 now support
*COMMENTARY: Immediate focus remains on WMAs & DMAs Y109.46-110.47. A close
above Y110.47 is needed to confirm breaks and target 2018 highs. Initial support
is noted at Y108.97 with bears needing a close below to gain breathing room and
below Y108.54 to shift focus back to Y107.85. A close below Y107.85 then targets
Y106.57-107.47 where the 21 (Y107.47) & 55 (Y106.85) DMAs are situated. The
Bollinger top (Y109.45) remains the key concern for bulls.

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