Bulls Need Close Above Y109.13.....>

DOLLAR-YEN TECHS: Bulls Need Close Above Y109.13

*RES 4: Y110.72 Hourly support May 22 now resistance 

*RES 3: Y110.19 200-DMA 

*RES 2: Y109.66 21-DMA 

*RES 1: Y109.13 Hourly resistance May 29

*PRICE: Y108.81 @ 2130GMT

*SUP 1: Y108.12 100-DMA 

*SUP 2: Y107.85 High Apr 20 now support 

*SUP 3: Y106.85 Low Apr 17 

*SUP 4: Y106.60 Low Apr 10

*COMMENTARY: Tuesday's sell-off saw the pair dip into the Y107.85-108.16 region

where 55 & 100-DMAs and the 21-WMA (Y108.11) are situated. Bears continue to

look for a close below Y107.85 to confirm breaks of 55 & 100-DMAs and shift

initial focus to Y106.60. Daily studies have room to move before O/S is an

issue. Bulls still need a close above Y109.13 to gain breathing room and above

Y110.72 to shift initial focus back to Y111.39-98.