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Y113.52-00 Resistance Region Now...>

DOLLAR-YEN TECHS: Y113.52-00 Resistance Region Now Key
*RES 4: Y114.49 Monthly High July 11 
*RES 3: Y114.00 Hourly resistance Oct 28 
*RES 2: Y113.52 Hourly support Oct 30 now resistance 
*RES 1: Y113.27 Hourly resistance Oct 30
*PRICE: Y113.15 @ 0210GMT
*SUP 1: Y112.91 21-DMA 
*SUP 2: Y112.74 Hourly resistance Oct 19 now support 
*SUP 3: Y112.30 Low Oct 19 
*SUP 4: Y111.72 200-DMA
*COMMENTARY: Bulls failed to take out Y114.49 last week with the pair remaining
heavy as it trades below the daily bull channel base (Y113.54). Focus now shifts
to the Y111.32-112.30 support region with bears needing a close below the 21-DMA
to add weight to their case. Daily studies correcting modestly O/B adds weight
to the bearish case. Bulls now look for a close above Y113.52 to ease bearish
pressure and above Y114.00 to return pressure to the key Y114.49 level.

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