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Approaching 105.00: *RES 4: 107.46.......>

DOLLAR-YEN: Approaching 105.00:
*RES 4: 107.46 21-dma
*RES 3: 107.21/29 Low Jul 18/50% retracement of the Aug fall
*RES 2: 107.09 High Aug 06
*RES 1: 106.47 High Aug 7
*PRICE: 105.40 @ 04:59 GMT Aug 12
*SUP 1: 105.27 Low Aug 9
*SUP 2: 105.00 Psychological support
*SUP 3: 104.87 YTD low
*SUP 4: 104.56 Low Mar 26 2018
USDJPY breached the key 105.50 level with the downtrend extending to 105.27 on
Friday. Technical indicators continue to display a bearish outlook, returning
the focus to the psychological 105.00 level, ahead of the flash crash ytd low at
104.87. Bulls need to clear last Tuesday's high at 107.09 to signal scope for a
corrective recovery towards the 50% retracement of the Aug fall at 107.29.

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