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Y105.50 Support Remains Key *RES...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y105.50 Support Remains Key
*RES 4: Y108.03 Low Feb 9 now resistance 
*RES 3: Y107.61 21-DMA 
*RES 2: Y107.19 High Mar 1 
*RES 1: Y106.54 Low Feb 28 now resistance
*PRICE: Y106.03 @ 0220GMT
*SUP 1: Y105.50 Monthly High Oct 2016 now support 
*SUP 2: Y105.32 Bollinger band base 
*SUP 3: Y101.15 Monthly Low Nov 9 2016 
*SUP 4: Y100.07 Monthly Lows Sept 22 & 27 2016
*COMMENTARY: Continued hesitation ahead of Y108.03-42 has left the pair looking
heavy and retains immediate bearish focus on a retest of 2018 lows. A close
below Y105.50 remains needed to reconfirm focus on Y98.95-101.16. Resistance
layers are accumulating and weighing. Bulls need a close above Y108.03 to
confirm a break of the 21-DMA and hint at a correction to Y109.79-110.47 with
above Y108.42 to confirm. Daily studies are well placed for fresh losses.

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