Bulls Need Close Above 55-DMA......>

DOLLAR-YEN TECHS: Bulls Need Close Above 55-DMA

*RES 4: Y108.03 Low Feb 9 now resistance 

*RES 3: Y107.40 55-DMA 

*RES 2: Y107.29 High Mar 13 

*RES 1: Y106.75 Alternating hourly support/resistance

*PRICE: Y106.49 @ 0430GMT

*SUP 1: Y106.37 Hourly support Apr 3 

*SUP 2: Y105.29 Hourly resistance Mar 23 now support 

*SUP 3: Y104.55 2018 Low Mar 26 

*SUP 4: Y104.28 LT Rising TL off 2016 low

*COMMENTARY: Despite the correction lower from last week's highs bulls take

comfort in support emerging on dips. Bears need a close below Y105.29 to add to

confidence and below Y104.28 to confirm focus on Y99.08-101.15 where 2016 lows

are noted. The 55-DMA is now key resistance. Bulls need a close above the 55-DMA

to shift immediate focus to Y108.03-42 and to hint at a move targeting

Y109.50-110.71 where key WMAs and the 200-DMA are located.