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Bullish Focus *RES 4: 111.04.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bullish Focus
*RES 4: 111.04 High Feb 25
*RES 3: 110.70 High Feb 26
*RES 2: 109.68 High Feb 28
*RES 1: 109.55 Intraday high
*PRICE: 109.01 @ 09:44 GMT Mar 19
*SUP 1: 106.76 Low Mar 18
*SUP 2: 105.81 Low Mar 17
*SUP 3: 105.15 Low Mar 16
*SUP 4: 104.51 Low Mar 13
USDJPY ended last week on a firm note following the clear breach of resistance
at the 105.92/106.10 zone. The move higher Friday also confirmed a bullish
reversal price pattern on Mar 10, a bullish engulfing candle. This week's gains
reinforce recent basing signals and confirm a resumption of a bullish theme. The
focus is on 109.68, Feb 28 high, a break would open 110.70, Feb 26 high. On the
downside, firm support lies at Tuesday's 105.81 low.

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