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Bearish Cycle Still In Play

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Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

Bulls Now Need Close Above.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Now Need Close Above Y111.33
*RES 4: Y111.15 55-DMA 
*RES 3: Y110.81 55-DMA 
*RES 2: Y110.76 Bollinger band top 
*RES 1: Y110.69 High Sept 13
*PRICE: Y110.60 @ 2030GMT
*SUP 1: Y110.29 Hourly resistance Sept 13 now support 
*SUP 2: Y109.91 Low Sept 13 
*SUP 3: Y109.58 Hourly resistance Sept 12 now support 
*SUP 4: Y109.23 Low Sept 12
*COMMENTARY: Pressure remains firmly on layers of resistance Y110.69-111.33
where 55 & 100-DMAs are situated. Daily studies are well placed for a fresh leg
higher although the Bollinger top is a concern for bulls. Bulls now look for a
close above Y111.33 to shift initial focus to the 200-DMA (Y112.31). Layers of
resistance continue to build with bears now needing a close below Y109.91 to
ease bullish pressure and below Y108.70 to return focus to 2017 lows.