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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: Y106.94 @ 0230GMT
*SUP 1: Y106.69 Hourly support Apr 4 
*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: Support emerging on dips sees the pair pressuring the Y107.01-33
where the 55-DMA is located. The 55-DMA remains key resistance with bulls
needing a close above 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. Layers
of support building add to bullish confidence with bears now needing a close
below Y106.29 to ease pressure on the 55-DMA.

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