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Bulls Focused On Y114.07-72 *RES...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Focused On Y114.07-72
*RES 4: Y114.72 High Nov 6 
*RES 3: Y114.07 High Nov 9 
*RES 2: Y113.95 Bollinger band top 
*RES 1: Y113.68 Daily Bull channel top
*PRICE: Y113.33 @ 0530GMT
*SUP 1: Y112.94 Hourly resistance Dec 7 now support 
*SUP 2: Y112.57 Hourly support Dec 7 
*SUP 3: Y112.33 Hourly resistance Dec 7a now support 
*SUP 4: Y112.26 Daily Bull channel base (Off Nov 28 low)
*COMMENTARY: The bounce from the channel base confirms significance with the
pair having broken the Y113.33 resistance. Immediate Bullish focus shifts to
Y114.07-72 although the bull channel top may slow the move. Support layers are
building with bears needing a close below Y112.94 to gain breathing room and
below Y112.57 to sees the bull channel base pressured. Below the channel base
adds weight to the case for a correction back to Y110.83-111.66.

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