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Bulls Need Close Above Y110.25.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above Y110.25
*RES 4: Y111.05 High Aug 4 
*RES 3: Y110.82 High Aug 8 
*RES 2: Y110.59 Hourly resistance Aug 8 
*RES 1: Y110.25 Low Aug 8 now resistance
*PRICE: Y110.00 @ 2030GMT
*SUP 1: Y109.58 Low Aug 9 
*SUP 2: Y109.37 Bollinger band base 
*SUP 3: Y108.81 Monthly Low June 14 
*SUP 4: Y108.10 2017 Low Apr 17
*COMMENTARY: Hesitation ahead of the Y111.05-44 region where key DMAs are
clustered has resulted in breaks of support layers leaving the pair looking
heavy with bears now focused on 2017 lows. Layers of resistance are accumulating
with bulls now needing a close above Y110.25 to ease immediate bearish pressure
and shift focus back to Y111.05-111.44. The Bollinger base is the key concern
for bears with potential to limit follow through.

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