Bulls Need Close Above Y111.98.....>

DOLLAR-YEN TECHS: Bulls Need Close Above Y111.98

*RES 4: Y112.42 Hourly resistance Jan 10 

*RES 3: Y112.24 100-DMA 

*RES 2: Y111.98 Low Dec 6 now resistance 

*RES 1: Y111.26 Low Jan 10 now resistance

*PRICE: Y111.13 @ 2000GMT

*SUP 1: Y110.83 Monthly Low Nov 27 

*SUP 2: Y109.73 Daily Bear channel base 

*SUP 3: Y109.54 Low Sept 15 

*SUP 4: Y107.31 2017 Low Sept 8

*COMMENTARY: Time spent above the 55-DMA was brief with the break below Y112.86

leaving the pair looking heavy and bears focused on Y110.83 Nov lows. Bears need

a close below Y110.83 to shift initial focus to the bear channel base and

overall focus to tests of 2017 lows. Bulls still need a close above Y111.98 to

ease immediate bearish pressure and above the 100-DMA to shift focus back to

Y112.82-113.44 where the 55-DMA and bear channel top are noted.