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109.07 Is The Key S/T Resistance...>

DOLLAR-YEN TECHS: 109.07 Is The Key S/T Resistance
*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: 108.85 @ 10:30 GMT Nov 25
*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 has started the week on a slightly firmer note. Prices have however since
Nov 14, traded sideways and either side of the channel base drawn off the Aug 26
low that was breached earlier this month. A break of 109.07 is needed to
reinforce a bullish theme and reopen key resistance at 109.49, Nov 7 high. Sub
108.24 levels however would be bearish exposing 107.89, Nov 1 low. For now,
109.07 and 108.24 are seen as directional triggers.

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