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Bulls Still Need Close Above.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Still Need Close Above 200-DMA
*RES 4: Y112.61 55-DMA 
*RES 3: Y112.18 Hourly resistance Nov 22 
*RES 2: Y111.87 Low Nov 20 now resistance 
*RES 1: Y111.70 200-DMA
*PRICE: Y111.32 @ 0530GMT
*SUP 1: Y111.27 Hourly support Nov 24 
*SUP 2: Y111.07 Low Nov 23 
*SUP 3: Y110.87 Low Sept 18 
*SUP 4: Y110.22 100-WMA
*COMMENTARY: Following closes below 100 & 200-DMAs last week bulls continue to
look for a close above the 200-DMA to ease bearish pressure and above Y112.72 to
shift initial focus to Y113.00-33 where the 21-DMA (Y113.00) is noted. While the
200-DMA caps bears remain focused on Y110.22-87 where the 100-WMA is located. A
close below Y110.87 hints at a move back to Y107.31 with below the 100-WMA
confirming.

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