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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: Y107.33 55-DMA 
*RES 2: Y107.29 High Mar 13 
*RES 1: Y107.01 High Mar 28
*PRICE: Y106.75 @ 2130GMT
*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.

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