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Bulls Need Close Above 21-DMA......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above 21-DMA
*RES 4: Y111.18 High May 22 
*RES 3: Y110.72 Hourly support May 22 now resistance 
*RES 2: Y110.20 200-DMA 
*RES 1: Y109.82 21-DMA
*PRICE: Y109.37 @ 0230GMT
*SUP 1: Y108.94 Low May 24 
*SUP 2: Y108.53 Low Apr 24 
*SUP 3: Y108.23 100-DMA 
*SUP 4: Y108.01 55-DMA
*COMMENTARY: Losses defined last week adding weight to the case for a correction
back to Y107.85-108.53 where the 21-WMA (Y108.14) and 55 & 100-DMAs (Y108.01-23)
are situated. Bears continue to look for a close below Y107.85 to confirm breaks
of 55 & 100-DMAs and shift initial focus to Y106.57. Bulls need a close above
the 21-DMA to gain breathing room and above Y110.72 to shift initial focus back
to Y111.39-98.

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