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Focus Still On 106.92 Key..........>

DOLLAR-YEN TECHS: Focus Still 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: 107.52 @ 05:58 BST Apr 21
*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 is quiet. The pair managed to find support ahead of the key 106.92, Apr 1
low last week. Attention remains 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.

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