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One Way Traffic *RES 4: 112.40.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: One Way Traffic
*RES 4: 112.40 High Apr 24, 2019
*RES 3: 112.16 76.4% 2018 - 2019 Decline
*RES 2: 111.69 High May 3, 2019
*RES 1: 111.32 High Feb 19
*PRICE: 111.15 @ 16:47 GMT Feb 19
*SUP 1: 109.53 Low Feb 7 and key intraday support
*SUP 2: 109.30 Low Feb 5
*SUP 3: 108.55 Low Jan 4
*SUP 4: 108.31 Low Jan 31
The pair tore through any and all near-term resistance Wednesday, making light
work of the bull trigger at 110.29. The somewhat disorderly rally shows no signs
of stalling and shifts bullish targets considerably higher. Markets need to
secure a close above 110.69 in order to switch focus to 111.69 and 112.16. To
slow the incline from here, bears need to temper markets back below 111
initially before 50-dma support comes into view at 109.45.

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