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Choppy *RES 4: 109.73 High Dec 2...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Choppy
*RES 4: 109.73 High Dec 2 and key resistance
*RES 3: 109.50 High Dec 30
*RES 2: 108.87 High Jan 2
*RES 1: 108.63 High Jan 7
*PRICE: 108.31 @ 06:04 GMT Jan 8
*SUP 1: 107.62 Intraday low
*SUP 2: 107.10 50% retracement of the Aug 26 - Dec 2 rally
*SUP 3: 106.81 Low Oct 8
*SUP 4: 106.48 Low Oct 3
USDJPY has been choppy overnight trading to a low of 107.62 before rebounding.
The pair remains vulnerable to setbacks after recently clearing support at
108.43, the Dec 4 low and 108.24, Nov 14 low. Furthermore, support at 107.89,
the Nov 1 low has also been breached. Today's low of 107.62 marks the trigger
for a fresh push lower that would expose 107.10, a retracement level. Resistance
is at 108.63, Jan 7 high and 108.87, Jan 2 high.

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