Initial Focus Shifts To Y109.52....>

DOLLAR-YEN TECHS: Initial Focus Shifts To Y109.52

*RES 4: Y111.98 Low Dec 6 now resistance 

*RES 3: Y111.76 200-DMA 

*RES 2: Y111.23 High Jan 22 

*RES 1: Y110.55 Hourly resistance Jan 23

*PRICE: Y109.89 @ 0530GMT

*SUP 1: Y109.67 Bollinger band base 

*SUP 2: Y109.52 Low Sept 15, Daily Bear Channel base 

*SUP 3: Y107.31 2017 Low Sept 8 

*SUP 4: Y104.95 Low Now 10 2016

*COMMENTARY: The rejection ahead of the 200-DMA (Y111.76) last week left the

pair looking a little heavy and immediate focus now on Y109.52 following the

break of Y110.18. Bears continue to look for a close below Y109.52 to add weight

to the case for a test of 2017 lows. O/S daily studies remain a concern for

bears. Bulls need a close above Y110.55 to ease bearish pressure and hint at a

correction back to Y111.23-76 where the 200-DMA is noted.