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105.50 key support: *RES 3:........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 105.50 key support:
*RES 3: 107.41 50% retracement of Aug fall
*RES 2: 107.21 Low Jul 18
*RES 1: 107.09 High Aug 06
*PRICE: 106.09 @ 08:35 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
USDJPY failed to clear 105.50 yesterday, before squeezing back above 106.00 at
the close. Technical indicators continue to display a bearish outlook returning
the immediate focus to this key level. A break here would open the psychological
105.00 level, ahead of the flash crash ytd low at 104.87. Bulls need 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
107.41/58.

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