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Decent intraday reversal *RES 3:...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Decent intraday reversal
*RES 3: 109.93 May 30 high
*RES 2: 109.65 100-dma
*RES 1: 109.55-59 Upper 1.0% 10-dma env./50% 104.56-114.55/Cloud top/50%
112.40-106.78
*PRICE: 108.31 @ 15:46 GMT Aug 01
*SUP 1: 108.48 55-dma
*SUP 2: 107.94 Low Jul 24
*SUP 3: 107.21 Low Jul 18 and key support
Bulls started the session well Thursday before markets staged a decent intraday
reversal, seeing the pair drop over a point from 109.32 back below the 50-dma at
108.30. This puts paid to the bullish recovery story, turning focus back to
107.21 and 106.78 below. For bulls, the loss of the 50-dma is tough, with a
close above 109.32 now needed to repair the outlook.

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