Trial now

Holding Lower


China Repo Rates Fall on Wednesday


1- To 10-Year Rinban Conducted

Finding Support On Dips *RES 4:....>

DOLLAR-YEN TECHS: Finding Support On Dips
*RES 4: Y113.70 Low July 11 now resistance 
*RES 3: Y113.44 High Oct 6 
*RES 2: Y113.18 Hourly support Oct 6 now resistance 
*RES 1: Y112.89 Hourly resistance Oct 6
*PRICE: Y112.42 @ 0930GMT
*SUP 1: Y112.33 Low Oct 4 & Hourly support Oct 9 
*SUP 2: Y112.22 Low Sept 29 
*SUP 3: Y112.01 21-DMA 
*SUP 4: Y111.88 200-DMA
*COMMENTARY: The lack of topside follow through continued Friday with the break
of Y113.26 capped ahead of Y113.70. Bulls need a close above 113.70 to confirm
focus on July highs (Y114.49). The dip to Y112.33 Monday again saw support
emerge. Bears look for a close below Y112.22 to pressure 21 & 200-DMAs and below
Y111.48 to shift focus to 55 (Y110.65) & 100 (Y111.11) DMAs. Below the 55-DMA is
needed hint at a move to 2017 lows with below Y109.52 confirming.