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Extends gains: *RES 4: 109.62......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Extends gains:
*RES 4: 109.62 High May 31
*RES 3: 109.32 High Aug 1and key resistance
*RES 2: 109.00 Round number resistance
*RES 1: 108.37 Intraday high
*PRICE: 108.21 @ 04:38 GMT Sep 17
*SUP 1: 107.46 Low Sep 16 and key intraday support
*SUP 2: 107.23 High Sep 5
*SUP 3: 106.98 High Aug 13 and former breakout level
*SUP 4: 106.62 Low Sep 6
USDJPY maintains its bullish tone pushing to new trend highs overnight. The pair
has cleared the 61.8% retracement of Aug 1 - Aug 26 decline, at 107.46 and
probed the 76.4% level at 108.17. The focus is on 109.00 and 109.32, the latter
being the Aug high and the next significant resistance. Momentum studies are
positive, reinforcing the present bullish condition. Key support for today's
session has been defined at 107.46, yesterday's low.

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