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Bulls Need Close Above Y112.88.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above Y112.88
*RES 4: Y114.07 High Nov 9 
*RES 3: Y113.74 High Dec 12 
*RES 2: Y113.30 Hourly resistance Dec 13a 
*RES 1: Y112.88 High Dec 14
*PRICE: Y112.64 @ 1930GMT
*SUP 1: Y112.43 Hourly resistance Dec 14 now support 
*SUP 2: Y111.98 Low Dec 6 
*SUP 3: Y111.62 200-DMA 
*SUP 4: Y111.35 Low Nov 29
*COMMENTARY: Recent topside hesitation saw the pair head lower taking out key
supports but the Y111.98 support remains in play. Thursday's losses see bears
now focused on Y110.83-111.98 where monthly lows, 100 & 200-DMAs are noted. The
pair was rejected above the 55-DMA with bulls needing a close above Y112.88 to
ease bearish pressure and above Y114.07 to reconfirm focus on Y114.72 Nov highs.
Bears now look for a close below Y110.83 to target 2017 lows (Y107.31).

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