Focus Is On 106.92 Key Support.....>

DOLLAR-YEN TECHS: Focus Is On 106.92 Key Support

*RES 4: 109.69 High Mar 27

*RES 3: 109.38 High Apr 6 and near-term bull trigger

*RES 2: 109.06 High Apr 9

*RES 1: 108.59 High Apr 10

*PRICE: 107.68 @ 16:45 BST Apr 20

*SUP 1: 106.92/93 Low Apr 1 and bear trigger / Low Apr 15

*SUP 2: 106.76 Low Mar 18

*SUP 3: 106.45 50.0% retracement of the Mar 9 - 24 rally

*SUP 4: 105.81 Low Mar 17

USDJPY managed to find support ahead of the key 106.92, Apr 1 low last week. The

recent focus has been on this support following the failure at 109.38 on Apr 6.

In order to reinstate a bullish theme, clearance of 109.38 is required. This

resistance marks the key short-term bull trigger and a break would open 110.00

and beyond. On the downside, losses through 106.92 though would be bearish

exposing 106.45, a Fibonacci retracement.