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109.07 Break Required To Expose....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 109.07 Break Required To Expose The Upside
*RES 4: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 3: 109.93 High May 30
*RES 2: 109.49 High Nov 7 and bull trigger
*RES 1: 109.07 High Nov 18
*PRICE: 108.60 @ 05:53 GMT Nov 19
*SUP 1: 108.24 Low Nov 14
*SUP 2: 107.89 Low Nov 1 and key support
*SUP 3: 107.57 38.2% retracement of the Aug 26 - Nov 7 rally
*SUP 4: 107.04 Low Oct 10
USDJPY cleared its channel support Thursday at 111.43. The channel is drawn off
the Aug 26 low. Prices however have since traded back above the channel and
remain slightly firmer. That said,the pair did also fail to hold onto the move
above 109.00. It would take a break above yesterday's high of 109.07 to
reinforce a bullish theme and reopen the key resistance at 109.49, Nov 7 high. A
break below 108.24 however would be bearish and open 107.89, Nov 1 low.

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