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Key Range Breakout *RES 4:.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Key Range Breakout
*RES 4: 106.34 High Mar 6
*RES 3: 104.93 Intraday high
*RES 2: 104.46 Low Aug 26, 2019
*RES 1: 103.25 50.0% retracement of today's range
*PRICE: 102.11 @ 16:41 GMT Mar 9
*SUP 1: 101.19 Low Mar 9
*SUP 2: 100.32 1.500 projection of Apr 24 - Aug 26, 2019 move from Feb 20 high
*SUP 3: 99.54 Low August 2016
*SUP 4: 99.02 Low June 2016
USDJPY bears are in control as the pair spiralled to fresh cycle lows again
Monday. Sharp losses overnight in the Asia session resulted in a break of the
Aug 26 low of 104.46, opening the door to an extended leg lower which eventually
touched 101.19. This has confirmed a clear downside breach of the broad 104.46 -
112.26 range the pair has traded within since the beginning of last year. 100.00
is now within reach. Firm resistance is seen at 104.46.

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