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Sharp Rebound *RES 4: 107.74.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Sharp Rebound
*RES 4: 107.74 High Mar 5
*RES 3: 106.85 Low Mar 4
*RES 2: 106.34 High Mar 6
*RES 1: 105.02 Intraday high
*PRICE: 104.35 @ 06:19 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
*SUP 4: 99.54 Low August 2016
USDJPY is firmer today following the rebound off yesterday's 101.19 low. 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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