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Focus Shifts To Y111.32-112.30.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Focus Shifts To Y111.32-112.30
*RES 4: Y115.24 Falling LT weekly TL 
*RES 3: Y114.49 Monthly High July 11 
*RES 2: Y114.00 Hourly resistance Oct 28 
*RES 1: Y113.52 Hourly support Oct 30 now resistance
*PRICE: Y113.12 @ 1930GMT
*SUP 1: Y112.89 21-DMA 
*SUP 2: Y112.74 Hourly resistance Oct 19 now support 
*SUP 3: Y112.30 Low Oct 19 
*SUP 4: Y111.72 200-DMA
*COMMENTARY: Bulls repeatedly failed to take out the key Y114.49 resistance last
week with the pair remaining heavy as it trades below the daily bull channel
base (Y113.54). Focus now shifts to the Y111.32-112.30 support region where 55,
100 & 200-DMAs are clustered. Daily studies correcting modestly O/B adds weight
to the bearish case. Bulls now look for a close above Y113.52 to ease bearish
pressure and above Y114.00 to return pressure to the key Y114.49 level.

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