61.8% retracement holds: *RES 4:...>

DOLLAR-YEN TECHS: 61.8% retracement holds:

*RES 4: 109.02 Low May 13

*RES 3: 108.93/99 38.2% of the Apr 24-Jun 25 decline / High Jul 10

*RES 2: 108.38 High Jul 17

*RES 1: 108.00 Intraday high

*PRICE: 107.81 @ 15:19 GMT July 18

*SUP 1: 107.62 61.8% retracement of the rally between Jun 25-Jul 10

*SUP 2: 107.53 Low Jul 3

*SUP 3: 107.10/00 Low Jun 26 / Former channel resistance off the Jul 3 low

*SUP 4: 106.78 Low Jun 25

USDJPY based at the 61.8% retracement of the Jun-Jul rally, before squeezing

back through 108.00. The ability to hold above the retracement and also break

above 108.38, would be encouraging for bulls, opening the potential of a return

to 108.99 resistance. Failure to hold 108.00 would bring the 61.8% retracement &

Jul 3 low back into view.