Bulls Need Close Above Y112.89.....>

DOLLAR-YEN TECHS: Bulls Need Close Above Y112.89

*RES 4: Y113.44 High Oct 6 

*RES 3: Y113.18 Hourly support Oct 6 now resistance 

*RES 2: Y112.89 Hourly resistance Oct 6 

*RES 1: Y112.58 High Oct 11

*PRICE: Y112.21 @ 1930GMT

*SUP 1: Y112.13 Low Oct 12 

*SUP 2: Y111.82 200-DMA 

*SUP 3: Y111.48 Low Sept 25 

*SUP 4: Y111.11 100-DMA

*COMMENTARY: Bulls failed to capitalise on the bounce from 21 & 200-DMAs Tuesday

with pressure having returned to these supports. Bears remain focused on the

200-DMA with a close below needed to pressure Y111.48 and below this level to

shift focus to 55 (Y110.67) & 100 (111.11) DMAs. Below the 55-DMA hints at a

move back to 2017 lows with below Y109.52 to confirm. Bulls look for a close

above Y112.89 to ease pressure on key supports and initially target Y113.44-70.