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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Eye The 200-DMA
*RES 4: 110.17 Bull channel top drawn off Aug 26 low
*RES 3: 109.32/37 High Aug 1 / 61.8% retracement Apr 24 - Aug 26 decline
*RES 2: 109.07 200-DMA
*RES 1: 108.94 High Oct 17
*PRICE: 108.64 @ 08:30 GMT Oct 21
*SUP 1: 108.16 Low Oct 16
*SUP 2: 107.85 Low Oct 11
*SUP 3: 107.34 Trendline support drawn off Aug 26 low
*SUP 4: 106.81 Low Oct 8
USDJPY's bullish outlook remains intact despite a mild decline over the past 3
trading sessions. The focus remains on a test of the 200-DMA at 109.07. A
broader bullish resumption was confirmed Oct 16 following the clear breach of,
and close above the former bull trigger at 108.48, Sep 18 high. A move above the
200-DMA average would open 109.32, Aug 1 high and 109.93, May 30 high. Initial
support lies at 108.16, Oct 15 low.

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