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Pressure Back on 21-DMA *RES 4:....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Pressure Back on 21-DMA
*RES 4: Y111.05 High Aug 4 
*RES 3: Y110.85 Bollinger band top 
*RES 2: Y110.67 High Aug 31 
*RES 1: Y110.40 Hourly support Aug 31 now resistance
*PRICE: Y109.98 @ 2030GMT
*SUP 1: Y109.76 21-DMA 
*SUP 2: Y109.41 Hourly resistance Aug 28 now support 
*SUP 3: Y108.96 Hourly resistance Aug 29 now support 
*SUP 4: Y108.96 Hourly resistance Aug 29 now support
*COMMENTARY: A volatile week so far sees pressure back on the 21-DMA and the
pair looking a little heavy having remained capped on approach to Y111.05. Bears
now need a close below the 21-DMA to reconfirm focus on the key 107.47-108.10
region. While the 21-DMA supports bulls hold a slight advantage but still need a
close above Y111.33 to end bearish hopes and target Y112.18-49 where the 200-DMA
is situated. Daily studies are back at neutral levels.

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