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105.50 key: *RES 4: 107.72/94......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 105.50 key:
*RES 4: 107.72/94 21-dma/Low Jul 24
*RES 3: 107.42 50% retracement of Aug fall
*RES 2: 107.21 Low Jul 18
*RES 1: 107.09 High Aug 06
*PRICE: 106.19 @ 05:38 GMT Aug 08
*SUP 1: 105.50 Low Aug 07
*SUP 2: 105.00 Psychological support
*SUP 3: 104.87 YTD low
*SUP 4: 104.56 Low Mar 26 2018
Yesterday saw bears fail to break below 105.50 again, although technical
indicators remain bearish. Below 105.50 would open the psychological 105.00
level, ahead of the flash crash ytd low at 104.87. Bulls look to clear recent
highs at 107.09, before challenging the 50% retracement of the Aug fall & broken
trendline support-turned-resistance drawn off the Apr 24 high at 107.42/58.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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