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Fresh highs: *RES 4: 109.62 High...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Fresh highs:
*RES 4: 109.62 High May 31
*RES 3: 109.32 High Aug 1
*RES 2: 109.00 Round number resistance
*RES 1: 108.17 76.4% of Aug 1 - Aug 26 decline and intraday high
*PRICE: 107.91 @ 08:25 GMT Sep 12
*SUP 1: 107.50 Low Sep 11
*SUP 2: 107.23 High Sep 5
*SUP 3: 106.98 High Aug 13 and key support
*SUP 4: 106.62 Low Sep 6
USDJPY maintains its impulsive bullish tone as prices push higher once again.
The pair has cleared the 61.8% retracement of Aug 1 - Aug 26 decline, at 107.46
and is approaching the 76.4% level at 108.17. A break would pave the way for a
climb towards 109.00 and 109.32. The latter is the Aug 1 high and a key
resistance. Momentum studies are positive reinforcing the present bullish
condition. Key support is at 106.98, the former bull trigger.

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