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Bulls Need Close Above Y110.72.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above Y110.72
*RES 4: Y111.39 High May 21 
*RES 3: Y111.18 High May 22 
*RES 2: Y110.72 Hourly support May 22 now resistance 
*RES 1: Y110.26 High June 6
*PRICE: Y110.01 @ 2130GMT
*SUP 1: Y109.84 Hourly resistance June 11 now support 
*SUP 2: Y109.01 Hourly support June 1 
*SUP 3: Y108.74 55-DMA 
*SUP 4: Y108.70 Low June 1
*COMMENTARY: The rally from dips back to the 100-DMA in May has seen the pair
correct higher only to fail at the 200-DMA (Y110.20) hurdle. The sell-off last
week resulted in an easing of bullish pressure with bears now looking for a
close below Y109.01 to shift focus back to Y107.85-108.06 although the 55-DMA
may support along the way. Bulls look for a close above Y110.72 to confirm
traction above the 200-DMA and return immediate focus to Y111.39-98.

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