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Y111.70-112.18 Resistance Key......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y111.70-112.18 Resistance Key
*RES 4: Y112.49 21-DMA 
*RES 3: Y112.18 High July 26 
*RES 2: Y111.70 Hourly support July 26 now resistance 
*RES 1: Y111.39 Hourly resistance July 27
*PRICE: Y111.13 @ 0430GMT
*SUP 1: Y110.75 Low June 27 
*SUP 2: Y110.62 Low June 16 
*SUP 3: Y110.52 Bollinger band base 
*SUP 4: Y110.34 High June 14 now support
*COMMENTARY: Focus has returned to Y110.34-62 following the rejection above the
200-DMA (Y112.14) Wednesday. Hesitation ahead of this region is less than ideal
for bears with daily studies lingering at O/S. Bulls look for a close above
Y111.70 to shift focus to Y112.18-87 where the 21-DMA is located. Bears take
comfort in Y111.70 capping but now need a close below Y110.75 to reconfirm focus
on Y110.34-62. A close below Y110.34 then targets Y108.81-109.25.

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