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Bulls Need Close Above Y112.87.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above Y112.87
*RES 4: Y113.90 Bollinger band top 
*RES 3: Y113.33 High Nov 16 
*RES 2: Y113.10 High Dec 4 
*RES 1: Y112.87 High Dec 5
*PRICE: Y112.44 @ 0205GMT
*SUP 1: Y112.37 Alternating hourly support/resistance 
*SUP 2: Y112.09 Daily Bull channel base (Off Nov 28 low) 
*SUP 3: Y111.82 Hourly support Dec 1 
*SUP 4: Y111.66 200-DMA
*COMMENTARY: The bounce from the channel base sees bulls gaining a little
confidence. In saying that, a lack of follow through above the 55-DMA (Y112.75)
sees bulls needing a close above Y112.87 to reconfirm focus on Y113.33. Bulls
need a close above Y113.33 to add support to the case for a move initially
targeting Y114.72 Nov highs. While Y112.87 caps bears retain the advantage with
a close below Y110.83 to end bullish hopes, initially targeting Y109.52.

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