Dollar momentum builds: *RES 4:....>

DOLLAR-YEN TECHS: Dollar momentum builds:

*RES 4: 109.59 50.0% of the Apr 24-Jun 25 decline

*RES 3: 108.99.109.02 High Jul 10 / Low May 13

*RES 2: 108.93/99 38.2% of the Apr 24-Jun 25 decline / High Jul 10

*RES 1: 108.38 High Jul 16

*PRICE: 108.08 @ 15:29 GMT July 23

*SUP 1: 107.84/70 100-hma/ Low Jul 22

*SUP 2: 107.21 Low Jul 18

*SUP 3: 107.10 Low Jun 26

*SUP 4: 106.78 Low Jun 25 and key support

USDJPY breached the 108.00 level with ease and remains locked in a short-term

uptrend. Next resistance is seen at 108.38 from the Jul 16 high, a break here

would be an encouraging sign for bulls. This would confirm a resumption of the

uptrend, opening a return to the key 108.99 resistance. On the downside, a move

below 107.21 would instead expose support at 106.78 that also represents the key

bear trigger.