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Sharp Rebound Off Recent Lows......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Sharp Rebound Off Recent Lows
*RES 3: 106.85 Low Mar 4
*RES 2: 106.34 High Mar 6
*RES 1: 105.21 Intraday high
*PRICE: 104.26 @ 16:51 GMT Mar 10
*SUP 1: 102.02 Intraday low
*SUP 2: 101.19 Low Mar 9
*SUP 3: 100.32 1.500 projection of Apr 24 - Aug 26, 2019 move from Feb 20 high
USDJPY firmed sharply Tuesday following the rebound off the week's 101.19 low.
Nonetheless, recent losses below the Aug 26 low of 104.46 confirmed a clear
downside breach of the broad 104.46 - 112.26 range the pair has traded within
since the beginning of last year. This sets the scene for a move towards 100.00
with the range projection at 98.00. The 104.46/105.00 area marks a key near-term
resistance. A strong breach of this level is required to ease the bearish
threat.

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