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Y108.03-42 Resistance Key This.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y108.03-42 Resistance Key This Week
*RES 4: Y108.42 Low Feb 12 now resistance 
*RES 3: Y108.03 Low Feb 9 now resistance 
*RES 2: Y108.00 21-DMA 
*RES 1: Y107.28 High Feb 26
*PRICE: Y107.00 @ 0220GMT
*SUP 1: Y106.36 Low Feb 26 
*SUP 2: Y106.10 Low Feb 19 
*SUP 3: Y105.50 Monthly High Oct 2016 now support 
*SUP 4: Y101.15 Monthly Low Nov 9 2016
*COMMENTARY: The recovery from 2018 lows and Y105.50 stalled ahead of Y108.03-42
and retains focus on the Y105.50 support. Bears continue to look for a close
below Y105.50 to reconfirm focus on Y98.95-101.16. The Y108.03-42 resistance
region remains key. Bulls need a close above Y108.42 to confirm a break of the
21-DMA and bear channel top, hinting at a correction to Y110.47 and above
Y109.78 to confirm. Correcting O/S daily studies remain a concern for bears.

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