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Rebounds *RES 4: 110.50 1.000......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rebounds
*RES 4: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 3: 109.93 High May 30
*RES 2: 109.32/37 High Aug 1 / 61.8% retracement Apr 24 - Aug 26 decline
*RES 1: 109.29 High Oct 30 and key resistance
*PRICE: 109.13 @ 10:40 GMT Nov 7
*SUP 1: 108.56 Low Nov 5
*SUP 2: 108.19/107.89 Channel base drawn off Aug 26 low / Low Nov 1
*SUP 3: 107.85 Low Oct 11
*SUP 4: 107.44 38.2% retracement of Aug 26 - Oct 30 rally
USDJPY has rebounded sharply this morning reinforcing the current outlook that
remains bullish. Trendline support managed to hold last week despite strong
selling pressure. The trendline is drawn off Aug 26 low and intersects at
108.19. The rebound off the trendline has brought back into focus last weeks
109.29 high, Oct 30. A break would confirm a resumption of the uptrend, opening
109.93 next. First support 108.56.

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