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Bulls Focused On July Highs *RES...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Focused On July Highs
*RES 4: Y114.49 Monthly High July 11 
*RES 3: Y113.70 Low July 11 now resistance 
*RES 2: Y112.31 Bollinger band top 
*RES 1: Y113.26 High Sept 27
*PRICE: Y112.79 @ 2030GMT
*SUP 1: Y112.65 Hourly support Sept 27 
*SUP 2: Y112.27 Hourly support Sept 27a 
*SUP 3: Y112.07 200-DMA 
*SUP 4: Y111.92 Hourly support Sept 26
*COMMENTARY: Topside follow through above Y112.85 has been a little lacking
which is a concern with daily studies at O/B levels, momentum divergence and the
Bollinger top capping. Bulls shift focus to tests of July highs with above
Y113.70 to add support to their case. Bears now look for a close below the
200-DMA to ease bullish pressure and below Y111.48 to confirm a shift in
pressure to key DMAs Y110.54-111.06.

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