Trial now
US

Pres Biden Budget Proposal Ests

EURJPY TECHS

Needle Still Points South

USDJPY TECHS

Resistance Remains Intact

FED

Reverse Repo Operation

FOREX

Softer Greenback Extends GBP Bounce

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Above Y108.42 To Target Key WMAs & DMAs
*RES 4: Y109.09 21-WMA 
*RES 3: Y108.42 Low Feb 12 now resistance 
*RES 2: Y108.03 Low Feb 9 now resistance 
*RES 1: Y107.77 High Apr 5
*PRICE: Y107.45 @ 0230GMT
*SUP 1: Y106.85 Low Apr 17 
*SUP 2: Y106.57 Low Apr 9, 21-DMA 
*SUP 3: Y105.29 Hourly resistance Mar 23 now support 
*SUP 4: Y105.01 Bollinger band base
*COMMENTARY: Support around the 55-DMA remains with bears continuing to look for
a close below the 21-DMA to shift initial focus back to Y105.29 and hint at a
move back to 2018 lows and the LT rising TL (Y104.43) off 2016 lows. Layers of
resistance remain Y107.77-108.42. Bulls still need a close above Y108.42 to
shift focus to Y109.09-110.49 where key DMA and WMAs are located. Momentum
studies are back at neutral levels and well placed for gains.