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Remains Capped Ahead Of Key........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Remains Capped Ahead Of Key Resistance
*RES 4: Y117.53 High Jan 9 
*RES 3: Y115.62 High Jan 19 
*RES 2: Y115.15 Falling LT weekly TL 
*RES 1: Y114.49 Monthly High July 11
*PRICE: Y114.02 @ 1930GMT
*SUP 1: Y113.52 Alternating hourly support/resistance 
*SUP 2: Y113.22 Hourly support Oct 31 
*SUP 3: Y113.18 21-DMA 
*SUP 4: Y112.74 Hourly resistance Oct 19 now support
*COMMENTARY: Hesitation ahead of Y114.49 is less than ideal given daily studies
lingering around modestly O/B and looking to correct. In saying that, bears need
a close below Y113.52 to gain breathing room and below Y112.96 to confirm a
break of the 21-DMA and confirm focus on Y111.32-112.30. The Bollinger band top
is noted at (Y114.67) and is the key concern. Bulls need a close above Y114.49
to reconfirm a bullish bias and shift initial focus to Y115.24-62.

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