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DOLLAR-YEN TECHS: Pulls Away From 108.48 Resistance:
*RES 4: 109.62 High May 31
*RES 3: 109.32 High Aug 1 and key resistance
*RES 2: 109.00 Round number resistance
*RES 1: 108.47/48 Intraday high / Sep 18 High and bull trigger
*PRICE: 108.70 @ 16:11 GMT Oct 1
*SUP 1: 107.43 Low Sep 26
*SUP 2: 107.16 1.0% Lower Bollinger band
*SUP 3: 106.96 Low Sep 24 and key near-term support
*SUP 4: 106.47 50% retracement of Aug 26 - Sep 18 rally
After starting the week positively, the pair retreated from 108.48 resistance as
a dire ISM number dragged the greenback lower. This keeps the broader technical
picture unchanged, with bulls retaining upside targets at the Sep 18 high. The
outlook remains bullish as prices recover following the bullish engulfing candle
reversal last week. Clearance of 108.48 would open 109.00 and 109.32. Key
support lies at 106.96, Sep 24 low.