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Extends Recovery From Jul Low

DOLLAR-YEN TECHS
  • RES 4: 107.67 2.0% Upper Bollinger Band
  • RES 3: 106.90 High Jul 24
  • RES 2: 106.91 1.0% 10-dma Envelope
  • RES 1: 106.77 Intraday High
  • PRICE: 106.75 @ 05:02 BST Aug 12
  • SUP 1: 105.32 Low Aug 5
  • SUP 2: 103.09 Low Mar 12
  • SUP 3: 102.02 Low Mar 10
  • SUP 4: 101.19 Low Mar 9 and major support

Prices showed above last week's highs at 106.47 ahead of the close Tuesday. This looks to secure the recovery from the Jul 31 low, opening the 50- and 100-dmas at 106.94 and 107.31 respectively. A close above these levels would be the first since July. To the downside, 103.67 marks key support, the 76.4% retracement.

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