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Bulls Need Close Above Y108.03.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above Y108.03
*RES 4: Y108.42 Low Feb 12 now resistance 
*RES 3: Y108.03 Low Feb 9 now resistance 
*RES 2: Y107.54 Hourly resistance Feb 14 
*RES 1: Y107.17 Hourly resistance Feb 14
*PRICE: Y106.61 @ 0220GMT
*SUP 1: Y106.18 Daily Bear channel base 
*SUP 2: Y105.89 High Nov 9 2016 now support 
*SUP 3: Y101.15 Monthly Low Nov 9 2016 
*SUP 4: Y100.07 Monthly Lows Sept 22 & 27 2016
*COMMENTARY: Fresh 2018/15mth lows leave the pair offered and open up for Y99.08
2016 lows. Immediate bearish focus is on the Y105.89 support with a close below
needed to add weight to the bearish case. The Y108.03 resistance remains key
with bulls needing a close above to hint at a decent correction. Overall bulls
need a close above Y109.79 to confirm breaks of the 21-DMA (Y109.16) and bear
channel top (Y109.09) with above Y110.47 to shift focus higher.

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