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Flirting With 55-DMA *RES 4:.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Flirting With 55-DMA
*RES 4: Y114.07 High Nov 9 
*RES 3: Y113.74 High Dec 12 
*RES 2: Y113.44 High Dec 22 
*RES 1: Y113.13 Low Dec 26 now resistance
*PRICE: Y112.85 @ 1030GMT
*SUP 1: Y112.66 Hourly support Dec 28 
*SUP 2: Y111.98 Low Dec 6 
*SUP 3: Y111.64 200-DMA 
*SUP 4: Y111.35 Low Nov 29
*COMMENTARY: Bears take comfort in the dip below 21 & 55-DMAs although follow
through has been lacking. Bulls now need a close above Y113.13 to gain breathing
room and hint at a correction back to Y113.74-114.07. Bears look for a close
below the 55-DMA (Y112.94) to confirm a shift lower in focus with bears then
targeting Y110.83-111.98 where monthly lows, 100 & 200-DMAs are noted. Bears
need a close below Y110.83 to target 2017 lows (Y107.31).

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