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Heading South *RES 4: 108.08.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Heading South
*RES 4: 108.08 High Apr 16 and 17 and key resistance
*RES 3: 107.79 20-day EMA
*RES 2: 107.34 High Apr 28
*RES 1: 106.92 Low Apr 1 and recent breakout level
*PRICE: 106.66 @ 10:30 BST Apr 30
*SUP 1: 106.36 Low Apr 29
*SUP 2: 105.81 Low Mar 17
*SUP 3: 105.21 61.8% retracement of the Mar 9 - 24 rally
*SUP 4: 104.51 Low Mar 13
USDJPY remains under pressure. The pair has achieved the near-term objective of
106.45, 50.0% retracement of the Mar 9 - 24 rally. Tuesday's break of the former
key support at 106.92, Apr 1 low continues to weigh with the focus on the next
objectives at 105.81, Mar 17 low and 105.21, the 61.8% retracement. Initial
resistance is 106.92, Apr a low and the recent breakout level. Key resistance
though is at 108.08, Apr 16/17 high.

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