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Rollercoaster session leaves.......>

DOLLAR-YEN TECHS: Rollercoaster session leaves outlook unchanged:
*RES 3: 109.62 High May 31 and standard candle line high
*RES 2: 109.02 Low May 13 and key short-term resistance
*RES 1: 108.83 20-day EMA and just above the Jun 11 high
*PRICE: 108.44 @ 15:57 GMT June 18
*SUP 1: 107.88 Low Jun 6
*SUP 2: 107.81 Jun 5 low and bear flag base
*SUP 3: 107.46 Low Jan 4
Momentum worked well in favour of the bears for much of the Tuesday session as
prices sank below the 21-DMA. The progress stalled, however, as Trump opened
further lines of dialogue with China, reverting market conditions to (nearly)
neutral ahead of the close. The consolidation that we've seen this month has
found resistance within the body of the long standard candle line of May 31.
Furthermore, the failure to move back above 109.00 highlights too the lack of
demand in USDJPY. Look for a break of 107.81 support, the Jun 5 low to confirm a
resumption of weakness.

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