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Remains Capped Ahead Of 200-DMA....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Remains Capped Ahead Of 200-DMA
*RES 4: Y111.22 High Jan 22 
*RES 3: Y110.45 55-WMA 
*RES 2: Y110.17 200-DMA 
*RES 1: Y110.02 High May 2
*PRICE: Y109.64 @ 2130GMT
*SUP 1: Y109.13 Low May 11 
*SUP 2: Y108.81 Low May 8 
*SUP 3: Y108.53 Low Apr 24 
*SUP 4: Y108.46 100-DMA
*COMMENTARY: Bulls take comfort in support emerging on dips following recent
rejections ahead of the 200-DMA & 55-WMA. Bears still need a close below the
100-DMA to confirm an easing of bullish pressure and shift focus to
Y106.57-107.85 where the 55-DMA (Y107.35) is located. Bulls continue to look for
a close above the 55-WMA to confirm initial focus on Y111.22-98 and overall
focus to tests of 2018 highs.

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