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Bulls Need Close Above Y111.19.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above Y111.19
*RES 4: Y111.98 Low Dec 6 now resistance 
*RES 3: Y111.71 200-DMA 
*RES 2: Y111.19 High Jan 15 
*RES 1: Y110.97 High Jan 16
*PRICE: Y110.62 @ 0530GMT
*SUP 1: Y110.18 Hourly support Jan 17 
*SUP 2: Y109.68 Daily Bear channel base 
*SUP 3: Y109.54 Low Sept 15 
*SUP 4: Y107.31 2017 Low Sept 8
*COMMENTARY: The correction lower that began with failures ahead of Y113.44 sees
bears initially focused on Y109.54-68 where the bear channel base is situated
with overall focus on tests of 2017 lows. Layers of resistance are accumulating
and weighing. Bulls still need a close above Y111.19 to gain breathing room and
above the 100-DMA to shift focus back to Y112.60-113.44 where the 55-DMA and
bear channel top are noted.

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