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Below Y105.50 Confirms Focus On....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Below Y105.50 Confirms Focus On Y99.08-101.15
*RES 4: Y107.54 Hourly resistance Feb 14a 
*RES 3: Y106.91 Hourly resistance Feb 15 
*RES 2: Y106.34 Hourly resistance Feb 16 
*RES 1: Y106.02 Low Feb 15 now resistance
*PRICE: Y105.62 @ 0530GMT
*SUP 1: Y105.50 Monthly High Oct 2016 now support 
*SUP 2: Y101.15 Monthly Low Nov 9 2016 
*SUP 3: Y100.07 Monthly Lows Sept 22 & 27 2016 
*SUP 4: Y99.08  2016 Low June 2016
*COMMENTARY: Fresh 2018/15mth lows leave the pair offered and open up for Y99.08
2016 lows. Immediate bearish focus is on the Y105.50 support with a close below
to add weight to the bearish case. Bulls now need a close above Y106.91 to gain
breathing room. Bulls continue to look for a close above Y108.03 to hint at a
correction back to Y110.47 with above Y109.79 to confirm. O/S daily studies and
Bollinger base (Y106.18) remain concerns for bears.

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