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Intraday support gives way: *RES...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Intraday support gives way:
*RES 4: 109.32 High Aug 1 and key resistance
*RES 3: 109.00 Round number resistance
*RES 2: 108.48 Sep 18 High and bull trigger
*RES 1: 108.09 High Sep 20
*PRICE: 107.28 @ 15:52 GMT Sep 24
*SUP 1: 107.24/23 Intraday Low/Sep 5 high
*SUP 2: 106.98 High Aug 13 and former breakout level
*SUP 3: 106.49 1.0% Lower Bollinger band
*SUP 4: 106.47 50% retracement of Aug 26 - Sep 18 rally
USDJPY continues to retrace having found resistance 108.48, Sep 18 high. The
pullback is still viewed as a correction. 108.48 is the trigger for a resumption
of gains that would open 109.00 and 109.32. Note however that last Thursday's
bearish engulfing candle will be a concern for bulls. Furthermore, the break of
support Monday at 107.46 is a bearish development. A move below 107.31 Tuesday
may result in a deeper pullback.

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