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Fails Ahead of Key Resistance......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Fails Ahead of Key Resistance Region
*RES 4: Y108.42 Low Feb 12 now resistance 
*RES 3: Y108.31 21-DMA 
*RES 2: Y108.03 Low Feb 9 now resistance 
*RES 1: Y107.15 Hourly support Feb 22
*PRICE: Y106.81 @ 0220GMT
*SUP 1: Y106.42 Hourly support Feb 19 
*SUP 2: Y106.10 Low Feb 19 
*SUP 3: Y105.50 Monthly High Oct 2016 now support 
*SUP 4: Y101.15 Monthly Low Nov 9 2016
*COMMENTARY: The recovery from 2018 lows and Y105.50 is in trouble with the
failure ahead of Y108.03-42 leaving the pair offered. The close below Y107.01
sees bears retain initial focus on Y105.50 with a close below to reconfirm focus
on Y98.95-101.16. The Y108.03-42 resistance region remains key. Bulls need a
close above Y108.42 to hint at a correction back to Y110.47 and above Y109.78 to
confirm. Correcting O/S daily studies remain a concern for bears.

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