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DOLLAR-YEN TECHS: Clears 109.07 Resistance
*RES 4: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 3: 109.93 High May 30
*RES 2: 109.49 High Nov 7 and bull trigger
*RES 1: 109.21 Intraday high
*PRICE: 108.96 @ 05:52 GMT Nov 26
*SUP 1: 108.24 Low Nov 14
*SUP 2: 107.89 Low Nov 1 and key support
*SUP 3: 107.57 38.2% retracement of the Aug 26 - Nov 7 rally
*SUP 4: 107.04 Low Oct 10
USDJPY has started the week on a slightly firmer note and has today traded
higher to breach resistance at 109.07, Nov 18 high and the bullish directional
trigger. Although the pair is currently trading off today's high, the outlook is
bullish and further upside is seen likely with the focus on resistance at
109.49, Nov 7 high. Clearance of this level would confirm a resumption of the
uptrend that has been in place since Aug 26. 108.24 is support.