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Y106.54 Resistance Remains Key.....>

DOLLAR-YEN TECHS: Y106.54 Resistance Remains Key Today
*RES 4: Y108.03 Low Feb 9 now resistance 
*RES 3: Y107.41 21-DMA 
*RES 2: Y107.19 High Mar 1 
*RES 1: Y106.54 Low Feb 28 now resistance
*PRICE: Y106.22 @ 2030GMT
*SUP 1: Y105.22 2018 Low Mar 2 
*SUP 2: Y105.12 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 left the pair looking
heavy and has resulted in fresh 2018 & 15mth lows. Follow through has been a
little lacking but bears continue to focus on Y98.95-101.15. Resistance layers
are accumulating and weighing. Bulls need a close above Y106.54 to gain
breathing room. Above Y108.03 is needed to confirm a break of the 21-DMA and
hint at a correction to Y109.79-110.47 with above Y108.42 to confirm.

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