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Clears Key Support *RES 4:.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Clears Key Support
*RES 4: 109.06 High Apr 9
*RES 3: 108.59 High Apr 10
*RES 2: 108.08 High Apr 16 and 17 and key resistance
*RES 1: 107.64 High Apr 27
*PRICE: 106.67 @ 10:45 BST Apr 28
*SUP 1: 106.45 50.0% retracement of the Mar 9 - 24 rally
*SUP 2: 105.81 Low Mar 17
*SUP 3: 105.21 61.8% retracement of the Mar 9 - 24 rally
*SUP 4: 104.51 Low MAr 13
USDJPY trades lower and has breached the key support at 106.92, Apr 1 low. The
move through this level confirms a resumption of the downleg that started on Mar
24 when the pair stalled at 111.71. The focus is on 106.45, 50.0% retracement of
the Mar 9 - 14 rally. A break of the retracement level would open 105.81, Mar 17
low and 105.21, the 61.8% level. Key resistance is at 108.08, Apr 16/17 high.

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