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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: Y113.85 Daily Bull channel top
*PRICE: Y113.62 @ 0210GMT
*SUP 1: Y113.04 Hourly support Dec 7 
*SUP 2: Y112.57 Hourly support Dec 7a 
*SUP 3: Y112.43 Daily Bull channel base (Off Nov 28 low) 
*SUP 4: Y112.33 Hourly resistance Dec 7a now support
*COMMENTARY: The bounce from the channel base confirmed significance with the
pair having broken Y113.33. Immediate focus shifts to Y114.07-72 although the
bull channel top may slow the move. Bears now need a close below Y113.04 to gain
breathing room and below the channel base to add weight to the case for a
correction back to Y110.83-111.65 where monthly lows, 100 & 200-DMAs are noted.
The Bollinger top is the key concern for bulls at present.

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