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DOLLAR-YEN TECHS: Finds Support:
*RES 4: 109.32 High Aug 1 and a key resistance
*RES 3: 108.47/48 High Oct 1/Sep 18 High and bull trigger
*RES 2: 107.89 High Oct 2
*RES 1: 107.46 High Oct 7
*PRICE: 107.12 @ 16:29 GMT Oct 8
*SUP 1: 106.48/47 Low Oct 10 / 50% retracement of Aug 26-Sep 18 rally
*SUP 2: 106.35 3.0% Lower Bollinger Band
*SUP 3: 106.33 Low Sep 5
*SUP 4: 106.00 61.8% retracement of Aug 26-Sep18 rally
USDJPY finds support at 106.48, Oct 4 low. The past three sessions have
confirmed a bullish candle pattern known as a morning star reversal. This forces
a slight change in the outlook which has been bearish. The pattern signals an
end to the correction between Oct 1 - Oct 3 and if correct, suggests the pair
will climb toward resistance at 108.47 over the near-term. A move below 106.48
would negate the above prospect and instead reinstate a bearish focus.