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Bullish outlook maintained: *RES...>

DOLLAR-YEN TECHS: Bullish outlook maintained:
*RES 4: 109.59/75 50.0% of the Apr 24-Jun 25 decline / 100-dma
*RES 3: 108.99/109.02 High Jul 10 / Low May 13
*RES 2: 108.93 38.2% of the Apr 24-Jun 25 decline
*RES 1: 108.79/83 Cloud base / High Jul 26
*PRICE: 108.58 @ 04:22 GMT July 29
*SUP 1: 108.10/94 200-hma / Low Jul 24
*SUP 2: 107.21 Low Jul 18
*SUP 3: 107.10 Low Jun 26
*SUP 4: 106.78 Low Jun 25 and key support
USDJPY maintains a bullish tone. Having breached 108.38 last Thursday, the pair
built on recent gains to touch 108.83 Friday. This puts the 108.79 cloud base
under pressure and a close above here would indicate further strength. Momentum
studies remain constructive, reinforcing the underlying bullish theme. On the
downside, losses below 107.21 would offset the bullish outlook and instead
expose support at 106.78. Initial support though lies at 107.94.

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