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Deeper probe below 106.00..........>

DOLLAR-YEN TECHS: Deeper probe below 106.00 rejected:
*RES 4: 107.94 Low Jul 24
*RES 3: 107.21 Low Jul 18
*RES 2: 106.70 Lower 1.0% 10-dma envelope
*RES 1: 106.38 Intraday high
*PRICE: 106.13 @ 02:48 GMT Aug 06
*SUP 1: 105.52/38 Intraday low/Lower Bollinger Band (3%)
*SUP 2: 105.00 Psychological support
*SUP 3: 104.87 YTD low
*SUP 4: 104.56 Low Mar 26 2018
Early Asia trade saw the foray below 106.00 extend on, but that has more than
reversed now, with bulls reclaiming the level. The recent move below key support
in the form of the late June low, leaves bears ultimately focused on round
number support at 105.00 and the flash crash lows at 104.87. Bulls look for a
quick recovery above the 108 level to reignite upside momentum.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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