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Bulls Need Close Above Bear........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above Bear Channel Top
*RES 4: Y108.46 Daily Bear channel top 
*RES 3: Y108.42 Low Feb 12 now resistance 
*RES 2: Y108.38 21-DMA 
*RES 1: Y108.03 Low Feb 9 now resistance
*PRICE: Y107.61 @ 0220GMT
*SUP 1: Y107.38 High Feb 20 now support 
*SUP 2: Y107.01 Hourly support Feb 20 
*SUP 3: Y106.42 Hourly support Feb 19 
*SUP 4: Y106.10 Low Feb 19
*COMMENTARY: The Y105.50 support confirmed significance supporting on fresh 2018
lows. Bears need a close below Y105.50 to add weight to the case for a move to
Y99.08-101.15. Bulls look for a close above the daily bear channel top off 2018
highs to hint at a correction back to Y110.47 and above Y109.79 to confirm.
Correcting O/S daily studies and Bollinger base (Y106.03) remain concerns for
bears who now need a close below Y106.42 to retain initial focus on Y105.50.

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