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Focus On Y111.39-112.41 This.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Focus On Y111.39-112.41 This Week
*RES 4: Y111.85 21-DMA 
*RES 3: Y111.52 55-DMA 
*RES 2: Y111.39 Hourly resistance July 27, 100-DMA 
*RES 1: Y111.05 High Aug 4
*PRICE: Y110.68 @ 2030GMT
*SUP 1: Y110.52 Hourly resistance Aug 3 now support 
*SUP 2: Y110.23 Hourly resistance Aug 4 now support 
*SUP 3: Y110.00 Hourly support Aug 4 
*SUP 4: Y109.84 Low Aug 3
*COMMENTARY: A double daily bottom around Y109.84 and support ahead of the
55-WMA (109.72) combined with daily studies looking to correct from O/S provided
the catalyst for a rally Friday that eased bearish pressure and sees focus on
Y111.39-112.41. Bulls need a close above Y112.41 to hint at a shift higher in
focus with above Y112.87 needed to confirm. Bears now need a close below Y110.23
to ease bullish pressure and below Y110.00 to shift focus back to Y108.15-69.

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