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Y109.78-110.47 Resistance Region...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.78-110.47 Resistance Region Key
*RES 4: Y111.23 High Jan 22 
*RES 3: Y110.47 High Feb 2 
*RES 2: Y109.78 High Feb 8 
*RES 1: Y109.29 Hourly resistance Feb 9
*PRICE: Y108.71 @ 0220GMT
*SUP 1: Y108.42 Low Feb 9 
*SUP 2: Y108.03 2018 Low Feb 9 
*SUP 3: Y107.86 Weekly Triangle base 
*SUP 4: Y107.31 2017 Low Sept 8
*COMMENTARY: The pair remained capped ahead of the 21-DMA last week resulting in
fresh 2018 & 5mth lows. The lack of downside follow through is less than ideal
with bears focused on Y107.31-86. The Y109.78 resistance is key this week. Bulls
need a close above to confirm breaks of the 21-DMA (Y109.58) and bear channel
top (Y109.39) to ease bearish pressure and above Y110.47 to initially target
Y111.22-112.49 where key DMAs and a bear channel top are noted.

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