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Y105.50 Support Confirms...........>

DOLLAR-YEN TECHS: Y105.50 Support Confirms Significance
*RES 4: Y108.42 Low Feb 12 now resistance 
*RES 3: Y108.03 Low Feb 9 now resistance 
*RES 2: Y107.54 Hourly resistance Feb 14a 
*RES 1: Y106.91 Hourly resistance Feb 15
*PRICE: Y106.27 @ 2030GMT
*SUP 1: Y105.50 Monthly High Oct 2016 now support 
*SUP 2: Y101.15 Monthly Low Nov 9 2016 
*SUP 3: Y100.07 Monthly Lows Sept 22 & 27 2016 
*SUP 4: Y99.08  2016 Low June 2016
*COMMENTARY: Fresh 2018/15mth lows defined although the lack of follow through
Friday is less than ideal given failure to take out Y105.50. Bears need a close
below Y105.50 to add weight to the case for a move back to Y99.08-101.15. Bulls
now look for a close above Y106.91 to gain breathing room, above Y108.03 to hint
at a correction back to Y110.47 and above Y109.79 to confirm. O/S daily studies
and Bollinger base (Y106.44) remain concerns for bears.

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