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Recovery Opens 108.48..............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Opens 108.48 Resistance:
*RES 4: 109.37 61.8% April - August Decline
*RES 3: 109.32 High Aug 1 and a key resistance
*RES 2: 108.47/48 High Oct 1/Sep 18 High and bull trigger
*RES 1: 108.13 Intraday high
*PRICE: 107.92 @ 08:21 GMT Oct 11
*SUP 1: 106.81 Low Oct 8
*SUP 2: 106.48/47 Low Oct 10 / 50% retracement of Aug 26-Sep 18 rally
*SUP 3: 106.32/33 3.0% Low Sep 5 / Lower Bollinger Band
*SUP 4: 106.00 61.8% retracement of Aug 26-Sep18 rally
USDJPY is pushing higher as the pair continues to pull away from support at
106.48, Oct 4 low. Activity between Oct 3-7 confirmed a bullish candle pattern
known as a morning star reversal and this pattern continues to influence the
current move higher. Attention is on key resistance at 108.48, Sep 18 high where
a break would confirm a resumption of the bull trend that started on Aug 26.
This would open 109.32. Support for now lies at 106.81.

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