Below 21-DMA To Shift Focus........>

DOLLAR-YEN TECHS: Below 21-DMA To Shift Focus Lower

*RES 4: Y109.46 100-WMA 

*RES 3: Y108.42 Low Feb 12 now resistance 

*RES 2: Y108.03 Low Feb 9 now resistance 

*RES 1: Y107.77 High Apr 5

*PRICE: Y107.07 @ 0230GMT

*SUP 1: Y106.96 55-DMA 

*SUP 2: Y106.57 Low Apr 9 

*SUP 3: Y106.47 21-DMA 

*SUP 4: Y105.29 Hourly resistance Mar 23 now support

*COMMENTARY: Bulls took comfort in support emerging at Y106.57 last week but

still need a close above the Y108.03-42 region to target Y109.29-110.54 where

key DMA and WMAs are situated. The pair remains gently offered after the lack of

topside follow through Friday. In saying that, bears still need a close below

the 55-DMA to gain breathing room and below the 21-DMA to shift initial focus

back to Y105.29, hinting at a move back to 2018 lows.