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Remains Capped On Approach To......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Remains Capped On Approach To 21-DMA
*RES 4: Y111.23 High Jan 22 
*RES 3: Y110.47 High Feb 2 
*RES 2: Y109.78 High Feb 8, 21-DMA 
*RES 1: Y109.11 Hourly support Feb 8 now resistance
*PRICE: Y108.99 @ 0530GMT
*SUP 1: Y108.40 Low Jan 30 
*SUP 2: Y108.27 Low Jan 26 
*SUP 3: Y108.12 Low Sept 11 
*SUP 4: Y107.80 Weekly Triangle base
*COMMENTARY: The pair remains capped ahead of the 21-DMA which retains immediate
focus on the break of Y108.12 needed to initially target Y107.31-80 where the
rising weekly triangle base and 2017 lows are situated. Bulls still need a close
above the 21-DMA to ease bearish pressure and above Y110.47 to initially target
Y111.22-112.49 where key DMAs and the bear channel top are noted. Daily studies
at more neutral levels are well placed for a fresh leg lower.

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