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Immediate Focus On Y114.49 *RES....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Immediate Focus On Y114.49
*RES 4: Y117.53 High Jan 9 
*RES 3: Y115.62 High Jan 19 
*RES 2: Y115.34 Falling LT weekly TL 
*RES 1: Y114.49 Monthly High July 11
*PRICE: Y113.87 @ 1930GMT
*SUP 1: Y113.26 Hourly support Oct 20 
*SUP 2: Y113.06 Hourly support Oct 20a 
*SUP 3: Y112.74 Hourly resistance Oct 19 now support 
*SUP 4: Y112.30 Low Oct 19
*COMMENTARY: Support on dips below the 21-DMA (Y112.58) last week resulted in a
bullish close Friday and a gapping move higher to start the new week that sees
immediate focus on Y114.49 July highs. Bulls now look for a close above Y114.49
to pressure the Y115.34-115.62 region where further monthly highs are noted.
Bears now look for a close below Y113.06 to ease immediate bullish pressure and
below Y112.30 to shift focus back to Y110.96-111.73 where key DMAs are noted.

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