Below Y110.83 To Target 2017 Low...>

DOLLAR-YEN TECHS: Below Y110.83 To Target 2017 Low

*RES 4: Y112.87 55-DMA 

*RES 3: Y112.42 Hourly resistance Jan 10 

*RES 2: Y112.22 100-DMA 

*RES 1: Y111.70 Hourly support Jan 10 now resistance

*PRICE: Y111.37 @ 2000GMT

*SUP 1: Y110.83 Monthly Low Nov 27 

*SUP 2: Y109.77 Daily Bear channel base 

*SUP 3: Y109.54 Low Sept 15 

*SUP 4: Y107.31 2017 Low Sept 8

*COMMENTARY: Time spent above the 55-DMA was brief with the break below Y112.86

leaving the pair looking heavy and bears now focused on Y110.83 Nov lows. Bears

now need a close below this level to shift initial focus to the bear channel

base and overall focus to tests of 2017 lows. Layers of resistance have followed

the pair lower with bulls needing a close above the 200-DMA to ease immediate

bearish pressure and above the 100-DMA to shift focus back to Y112.87-113.44.