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O/S Studies Key Concern, Bulls.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: O/S Studies Key Concern, Bulls Need Close Above Y110.18
*RES 4: Y110.67 21-DMA 
*RES 3: Y110.55 Hourly resistance Jan 23 
*RES 2: Y110.18 Low Jan 18 now resistance 
*RES 1: Y109.76 High Jan 26
*PRICE: Y109.39 @ 0530GMT
*SUP 1: Y109.23 Hourly support Feb 1 
*SUP 2: Y108.87 Hourly support Jan 31 
*SUP 3: Y108.40 Low Jan 30 
*SUP 4: Y108.27 Low Jan 26
*COMMENTARY: Bulls take comfort in hesitation ahead of recent 2018 lows with
follow through lacking as support emerges on dips. Bears still need a close
below Y108.12 to reconfirm initial focus on Y107.31-58 where 2017 lows and the
weekly triangle base are located. Bulls look for a close above Y110.18 to ease
bearish pressure and above the 21-DMA to confirm focus on Y111.22-112.66 where
key DMAs and bear channel top are noted.

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