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Y112.48-89 Resistance Region Key...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y112.48-89 Resistance Region Key
*RES 4: Y113.18 Hourly support Oct 6 now resistance 
*RES 3: Y112.89 Hourly resistance Oct 6 
*RES 2: Y112.58 High Oct 11 
*RES 1: Y112.48 High Oct 17
*PRICE: Y112.23 @ 1930GMT
*SUP 1: Y112.04 Hourly support Oct 17 
*SUP 2: Y111.65 Low Oct 16 
*SUP 3: Y111.48 Low Sept 25 
*SUP 4: Y111.14 100-DMA
*COMMENTARY: Despite finding support on dips below the 200-DMA recently, bulls
failed to gain traction above the 21-DMA (Y112.36) Tuesday. Initial support is
noted at Y112.04 with bears needing a close below to retain focus on Y111.48-65
and below Y111.48 to pressure 100 (Y111.14) & 55 (Y110.77) DMAs. Bulls need a
close above Y112.58 to ease bearish pressure and above Y112.89 to shift
immediate focus back to Y113.44-70. Bollinger bands are narrowing.

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