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Initial Focus On Y113.74-114.07....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Initial Focus On Y113.74-114.07
*RES 4: Y114.72 High Nov 6 
*RES 3: Y114.61 LT TL off 2015 High 
*RES 2: Y114.07 High Nov 9 
*RES 1: Y113.74 High Dec 12
*PRICE: Y113.23 @ 2000GMT
*SUP 1: Y113.08 High Dec 19 now support 
*SUP 2: Y112.89 55-DMA 
*SUP 3: Y112.67 21-DMA 
*SUP 4: Y111.98 Low Dec 6
*COMMENTARY: Follow through has been lacking on dips with the marginal close
above the 55-DMA Tuesday seeing bulls initially focused on Y113.74-114.07. Bulls
look for a close above Y114.72 to target Y115.62 and then Y118.60 2017 highs.
Bears need a close below the 55-DMA to ease bullish pressure and return focus to
Y110.83-111.98 where monthly lows, 100 & 200-DMAs are noted. Bears look for a
close below Y110.83 to target 2017 lows (Y107.31).

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