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Remains Vulnerable *RES 4:.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Remains Vulnerable
*RES 4: 112.40 High Apr 24, 2019
*RES 3: 112.23 High Feb 20 and key resistance
*RES 2: 111.68 High Feb 24
*RES 1: 111.04 High Feb 25
*PRICE: 110.42 @ 16:56 GMT Feb 26
*SUP 1: 109.85 Low Feb 19
*SUP 2: 109.70 50-day EMA
*SUP 3: 109.30 Low Feb 5
*SUP 4: 108.55 Low Feb 4
USDJPY struggled Tuesday as the current sell-off extended once again. The move
lower follows the rejection off last week's high of 112.23 on Feb 20. Momentum
studies are pointing south having pulled away from overbought territory and this
reinforces the current bearish condition although, the move lower is being
viewed as a correction. 109.85, Feb 19 low marks the next support ahead of the
50-day EMA at 109.70. First resistance is at 111.04.

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