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Remains Soft Below Former..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Remains Soft Below Former Support:
*RES 4: 109.32 High Aug 1 and key resistance
*RES 3: 109.00 Round number resistance
*RES 2: 108.47/48 High Oct 1 / Sep 18 High and bull trigger
*RES 1: 107.23 38.2% Oct 1 - Oct 3
*PRICE: 106.93 @ 15:35 GMT Oct 4
*SUP 1: 106.47 50% retracement of Aug26-Sep18 rally
*SUP 2: 106.40 3.0% Lower Bollinger Band
*SUP 3: 106.33 Low Sep 5
*SUP 4: 106.00 61.8% retracement of Aug 26-Sep18 rally
USDJPY remains vulnerable having failed to hold above the former key S/T support
at 106.96, Sep 24 low. The move lower and Thursday's close below 106.96 exposes
the pair to a deeper pullback, with 106.47 and 106.33 initial objectives. It is
possible, this week's sell-off is merely a correction. If so, 61.8% of Aug 26 -
Sep 18 rally at 106.00 marks a key support and would need to hold. A move higher
would refocus attention resistance at 108.84, the bull trigger.

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