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Break Of Y107.31 Opens Up For......>

DOLLAR-YEN TECHS: Break Of Y107.31 Opens Up For 2016 Low Test
*RES 4: Y108.94 High Feb 12 
*RES 3: Y108.42 Low Feb 12 now resistance 
*RES 2: Y108.03 Low Feb 9 now resistance 
*RES 1: Y107.41 Hourly support Feb 13 now resistance
*PRICE: Y107.12 @ 0530GMT
*SUP 1: Y106.82 2018 Low Sept 14, Hourly Support 
*SUP 2: Y106.33 Daily Bear channel base 
*SUP 3: Y105.89 High Nov 9 now support 
*SUP 4: Y101.15 Monthly Low Nov 9 2016
*COMMENTARY: The sell-off now sees the pair hesitating ahead of the 2017 low as
layers of resistance accumulate and weigh. Bears need a close below Y107.31 to
confirm a break of the LT rising TL off 2012 lows coming in around Y107.87
today. Below 2017 lows then shifts overall focus to 2016 lows at Y98.08. Bulls
now look for a close above Y108.42 to ease bearish pressure and above Y109.79 to
confirm breaks of the 21-DMA (Y109.54) and bear channel top.

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