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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.

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