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Builds On Base USDJPY has formed...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Builds On Base
USDJPY has formed a base ahead of 108.00. Bulls need a clean break above the Jun
5 high at 108.49 to return the focus to the 200-hma (108.74) & 109 level.
Further resistance is located at 109.27/34 from the 38.2% retracement & 21-dma.
On the downside bears look for a close below 108.00, before challenging the Jun
5 low & 61.8% retracement of the Jan-Apr rally at 107.82/75.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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