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Bounces From 21 & 200-DMAs *RES....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bounces From 21 & 200-DMAs
*RES 4: Y113.63 Bollinger band top 
*RES 3: Y113.44 High Oct 6 
*RES 2: Y113.18 Hourly support Oct 6 now resistance 
*RES 1: Y112.89 Hourly resistance Oct 6
*PRICE: Y112.54 @ 0215GMT
*SUP 1: Y112.11 21-DMA 
*SUP 2: Y111.84 200-DMA 
*SUP 3: Y111.48 Low Sept 25 
*SUP 4: Y111.10 100-DMA
*COMMENTARY: Bearish pressure resulted in a break lower only to find support and
bounce from key DMAs. The break above Y112.48 sees bulls gain breathing room
with above Y112.89 to return pressure to Y113.44-70. Bears now focus on the
200-DMA with a close below needed to pressure Y111.48 and below this level to
shift focus to 55 (Y110.66) & 100 (111.10) DMAs. Below the 55-DMA hints at a
move back to 2017 lows with below Y109.52 to confirm.

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