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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: Y109.78 High Feb 8 
*RES 3: Y108.42 Low Feb 12 now resistance 
*RES 2: Y108.03 Low Feb 9 now resistance, 21-DMA 
*RES 1: Y107.68 High Feb 27
*PRICE: Y107.37 @ 2030GMT
*SUP 1: Y107.24 Hourly resistance Feb 27 now support 
*SUP 2: Y106.72 Hourly support Feb 26 
*SUP 3: Y106.36 Low Feb 26 
*SUP 4: Y106.10 Low Feb 19
*COMMENTARY: 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. While Y108.42 caps bears retain the upper
hand and remain focused on Y105.50. Bears continue to look for a close below
Y105.50 to reconfirm focus on Y98.95-101.16.

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