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Focus Is On Key Resistance *RES....>

DOLLAR-YEN TECHS: Focus Is On Key Resistance
*RES 4: 110.96 High May 6
*RES 3: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 2: 109.93 High May 30
*RES 1: 109.73 High Dec 2 and key resistance
*PRICE: 109.45 @ 10:32 GMT Dec 18
*SUP 1: 108.99 Low Dec 13
*SUP 2: 108.43 Low Dec 4 and Low Dec 9
*SUP 3: 108.24 Low Nov 14 and key support
*SUP 4: 107.89 Low Nov 1
USDJPY is unchanged and experiencing a relatively quiet week so far. The outlook
remains bullish. Attention is on the key near-term resistance at 109.73, Dec 2
high where a break would confirm a resumption of the uptrend that has been in
place since Aug 26. This would open 109.93, May 30 high and signal potential for
gains above 110.00. Momentum studies are positive reinforcing current bullish
conditions. Key support has been defined at 108.43.

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