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Bulls Eye The 200-DMA: *RES 4:.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Eye The 200-DMA:
*RES 4: 109.37 61.8% April - August Decline
*RES 3: 109.32 High Aug 1 and a key resistance
*RES 2: 109.07 200-DMA
*RES 1: 108.90 High Oct 15
*PRICE: 108.66 @ 04:59 GMT Oct 16
*SUP 1: 107.85 Low Oct 11
*SUP 2: 106.81 Low Oct 8
*SUP 3: 106.48 Low Oct 10
*SUP 4: 106.14/26 3.0% Lower Bollinger Band / Low Sep 5
USDJPY bullish outlook remains intact following recent strong gains, reinforced
yesterday with the confirmation of a clear break of the bull trigger at 108.48,
Sep 18 high. This confirms a resumption of the uptrend that has been in place
since Aug 26 low. The focus is on a test of the 200-DMA at 109.07. A move above
the average would open 109.32, Aug 1 high and 109.93, May 30 high. Initial
support lies at 107.85, Oct 11 low.

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