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Bulls Need Close Above 200-DMA.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above 200-DMA
*RES 4: Y112.32 100-DMA 
*RES 3: Y111.98 Low Dec 6 now resistance 
*RES 2: Y111.75 200-DMA 
*RES 1: Y111.48 High Jan 18
*PRICE: Y111.11 @ 2000GMT
*SUP 1: Y110.92 Hourly resistance Jan 22 now support 
*SUP 2: Y110.49 Low Jan 19 
*SUP 3: Y110.18 Low Jan 17 
*SUP 4: Y109.52 Low Sept 15
*COMMENTARY: The rejection ahead of the 200-DMA (Y111.75) last week left the
pair looking a little heavy and focus back on layers of support Y109.52-110.18.
Bears now look for a close below Y109.52 to add weight to the case for a test of
2017 lows. O/S daily studies remain a concern for bears. Bulls need a close
above the 200-DMA to gain breathing room and above the 55-DMA (Y112.45) to
confirm initial focus on Y112.86-113.44.

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