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Continues lower: *RES 3: 107.94....>

DOLLAR-YEN TECHS: Continues lower:
*RES 3: 107.94 Low Jul 24
*RES 2: 107.21 Low Jul 18
*RES 1: 106.90 Lower 1.0% 10-dma envelope
*PRICE: 105.99 @ 04:50 GMT Aug 03
*SUP 1: 105.79/76 Intraday low/Lower Bollinger Band (3%)
*SUP 2: 105.00 Psychological support
*SUP 3: 104.87 YTD low
Bears have extended the move below key support in the form of the late June low,
leaving bears ultimately focused on the flash crash lows at 104.87. Weakened
bulls look for a quick recovery of the 108 level, which would allow them to
regain some composure before turning their gaze higher.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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