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Downleg Resumes *RES 4: 110.46.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Downleg Resumes
*RES 4: 110.46 High Feb 27
*RES 3: 109.68 High Feb 28
*RES 2: 108.58 High Mar 2
*RES 1: 107.74 Intraday high
*PRICE: 106.57 @ 16:52 GMT Mar 5
*SUP 1: 106.54 Low Mar 5
*SUP 2: 106.48 Low Oct 3 and key support
*SUP 3: 105.74 Low Sep 3
*SUP 4: 105.59 Low Aug 27
USDJPY bears gain control once again with the pair trading to a fresh low
Thursday below Tuesday's 106.85 low. This keeps bearish conditions in place
following last week's sharp decline that started off the Feb 20 high of 112.23.
Momentum studies are pointing south and this reinforces current bearish
conditions. The break of 106.85 opens 106.48 next. Initial resistance is now
placed at today's 107.74 high.

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