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Y113.13 Resistance Key Today.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y113.13 Resistance Key Today
*RES 4: Y114.07 High Nov 9 
*RES 3: Y113.74 High Dec 12 
*RES 2: Y113.44 High Dec 22 
*RES 1: Y113.13 Low Dec 26 now resistance
*PRICE: Y112.84 @ 0530GMT
*SUP 1: Y112.45 Low Jan 4 
*SUP 2: Y111.98 Low Dec 6 
*SUP 3: Y111.68 200-DMA 
*SUP 4: Y111.35 Low Nov 29
*COMMENTARY: Despite pressuring the Y111.98-112.12 region where the 100-DMA is
located bears have failed to produce a close below with the recovery seeing
focus back on the Y113.13 resistance. Bulls need a close above Y113.13 to ease
bearish pressure and shift initial focus back to Y113.74-114.07. Bears now need
a close below Y112.45 to retain pressure on the key Y110.83-111.98 support
region where 100 & 200-DMAs are noted.

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