Focus Returns To Key DMAs *RES.....>

DOLLAR-YEN TECHS: Focus Returns To Key DMAs

*RES 4: Y112.72 High Sept 21 

*RES 3: Y112.53 High Sept 25 

*RES 2: Y112.33 Hourly resistance Sept 25 

*RES 1: Y111.94 Hourly support Sept 25 now resistance

*PRICE: Y111.67 @ 2030GMT

*SUP 1: Y111.48 Low Sept 25 

*SUP 2: Y111.09 100-DMA 

*SUP 3: Y110.57 55-DMA 

*SUP 4: Y110.28 21-DMA

*COMMENTARY: Failure to gain traction above the 200-DMA (Y112.12) leaves the

pair looking heavy and focus back on key DMAs Y110.28-111.09. Bears now look for

a close below to shift immediate focus to Y109.45 and overall focus to tests of

2017 lows. Daily studies correcting from O/B add weight to the bearish case.

Bulls now need a close above Y111.94 to gain breathing room and above Y112.85 to

reconfirm a bullish bias that initially targets Y114.50 July highs.