Topside Hesitation Continues.......>

DOLLAR-YEN TECHS: Topside Hesitation Continues

*RES 4: Y111.49 High Jan 18 

*RES 3: Y111.39 High May 21 

*RES 2: Y111.18 High May 22 

*RES 1: Y110.93 High June 29

*PRICE: Y110.54 @ 2130GMT

*SUP 1: Y110.38 Low June 29 

*SUP 2: Y109.95 Low June 28 

*SUP 3: Y109.63 55-DMA 

*SUP 4: Y109.01 Hourly support June 1

*COMMENTARY: Bulls failed to gain traction on the marginal pop above Y110.90

with bulls now needing a close above Y110.93 to confirm traction above the

200-DMA (Y110.18) and shift initial focus to Y111.39-98. Bears now need a close

below the 55-DMA to gain breathing room and below Y109.01 to confirm a break of

the 55-DMA and Bull channel base, initially pressuring Y107.85-108.19 where the

100-DMA is found with below Y107.85 to shift focus back to 2018 lows.