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50-dma In Sights: *RES 4: 109.62...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 50-dma In Sights:
*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 High Oct 1 / Sep 18 High and bull trigger
*PRICE: 107.19 @ 16:02 GMT Oct 2
*SUP 1: 107.06 50-dma
*SUP 2: 106.96 Low Sep 24 and key near-term support
*SUP 3: 106.85 2.0% Lower Bollinger Band
*SUP 4: 106.47 50% retracement of Aug 26 - Sep 18 rally
After starting the week positively, USDJPY retreated from the 108.48 resistance
Tuesday and fell further today too. The broader technical picture however is
unchanged and the focus remains on the Sep 18 high of 108.48. Clearance of this
resistance would reinforce the overall bullish tone and pave the way for a climb
towards 109.00 and 109.32. On the downside, key support remains at 106.96, Sep
24 low. A break would alter the picture.

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