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AUDUSD TECHS

Corrective Cycle

EURJPY TECHS

Bounce Considered Corrective

PIPELINE

Issuance Slow-Down

USDJPY TECHS

Touches New 2021 High

108.48 Resistance Within Reach:....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 108.48 Resistance Within Reach:
*RES 4: 109.62 High May 31
*RES 3: 109.32 High Aug 1 and key resistance
*RES 2: 109.00 Round number resistance
*RES 1: 108.47/48 Intraday high / Sep 18 High and bull trigger
*PRICE: 108.37 @ 09:36 GMT Oct 1
*SUP 1: 107.43 Low Sep 26
*SUP 2: 106.96 Low Sep 24 and key near-term support
*SUP 3: 106.94 1.0% Lower Bollinger band
*SUP 4: 106.47 50% retracement of Aug 26 - Sep 18 rally
USDJPY has started the week on a positive note extending the bounce that began
last Wednesday. The pair has this morning traded just short of the 108.48 key
resistance, Sep 18 high. The outlook remains bullish as prices recover following
the bullish engulfing candle reversal last week. Clearance of 108.48 would open
109.00 and 109.32. Key support lies at 106.96, Sep 24 low.