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Bullish outlook maintained: *RES...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bullish outlook maintained:
*RES 4: 109.62 High May 31
*RES 3: 109.32 High Aug 1and key resistance
*RES 2: 109.00 Round number resistance
*RES 1: 108.26 High Sep 13
*PRICE: 107.89 @ 08:09 GMT Sep 16
*SUP 1: 107.46 Intraday low
*SUP 2: 107.23 High Sep 5
*SUP 3: 106.98 High Aug 13 and key support
*SUP 4: 106.62 Low Sep 6
USDJPY maintains its bullish tone following last weeks gains. The pair cleared
the 61.8% retracement of Aug 1 - Aug 26 decline, at 107.46 and probed the 76.4%
level at 108.17. Attention turns to 109.00 and 109.32 with Friday's 108.26 high
the trigger for a resumption of gains. Momentum studies are positive reinforcing
the present bullish condition. Key support remains 106.98, the former bull
trigger. Initial support lies at 107.46, the overnight low.

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