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Immediate Focus On Y111.22-98......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Immediate Focus On Y111.22-98
*RES 4: Y111.98 Low Dec 6 now resistance 
*RES 3: Y111.96 Daily Bull channel top 
*RES 2: Y111.49 High Jan 18 
*RES 1: Y111.22 High Jan 22
*PRICE: Y110.87 @ 2130GMT
*SUP 1: Y110.43 55-WMA 
*SUP 2: Y110.02 High May 2 now support 
*SUP 3: Y109.64 Low May 15 
*SUP 4: Y109.13 Low May 11
*COMMENTARY: Bullish confidence grows with closes above the 55-WMA adding
support to the case for a test of Y111.22-98. A close above Y111.98 is then
needed to target Y112.97-113.75 where the 200-WMA, Dec and 2018 highs are noted.
Bears still need a close below Y110.02 to gain breathing room and below the
100-DMA (Y108.37) to shift initial focus back to Y107.34-85 where the 55-DMA is
noted. The Bollinger top (Y110.89) remains the key concern for bulls.

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