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Bulls Need Close Above Y113.70.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above Y113.70
*RES 4: Y114.49 Monthly High July 11 
*RES 3: Y113.70 Low July 11 now resistance 
*RES 2: Y113.44 High Oct 6 
*RES 1: Y113.18 Hourly support Oct 6 now resistance
*PRICE: Y113.14 @ 0205GMT
*SUP 1: Y112.74 Hourly resistance Oct 19 now support 
*SUP 2: Y112.30 Low Oct 19 
*SUP 3: Y112.04 Hourly support Oct 17 
*SUP 4: Y111.65 Low Oct 16
*COMMENTARY: Bulls take comfort in support emerging below the 21-DMA (Y112.47)
with support previously emerging on dips below the 200-DMA (Y111.73). Bears now
need a close below Y112.30 to ease bullish pressure and below Y111.48 to shift
focus to 55 & 100-DMAs. The Bollinger band (Y113.20) top is currently capping
but daily studies remain well placed for gains. The Y113.70 resistance remains
key with bulls looking for a close above to pressure 2017 highs.

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