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Clears 109.29 Resistance *RES 4:...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Clears 109.29 Resistance
*RES 4: 111.01 Bull channel top drawn off Aug 26 low
*RES 3: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 2: 109.93 High May 30
*RES 1: 109.49 Intraday high
*PRICE: 109.40 @ 18:33 GMT Nov 7
*SUP 1: 108.65 Intraday low
*SUP 2: 108.19/107.89 Channel base drawn off Aug 26 low / Low Nov 1
*SUP 3: 107.85 Low Oct 11
*SUP 4: 107.44 38.2% retracement of Aug 26 - Oct 30 rally
USDJPY has rebounded sharply today reinforcing the current bullish outlook and
reinforcing this further with a break above resistance at 109.29, Oct 30 high.
The latest rally follows a bounce off trendline support last week that managed
to hold despite strong selling pressure. The trendline is drawn off Aug 26 low
and intersects at 108.19. The breach of 109.29 confirms a resumption of the
uptrend and open 109.93 next. First support 108.65.

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