Short-term uptrend: *RES 4:........>

DOLLAR-YEN TECHS: Short-term uptrend:

*RES 4: 109.02 Low May 13

*RES 3: 108.93/99 38.2% of the Apr 24-Jun 25 decline / High Jul 10

*RES 2: 108.33 High Jul 17

*RES 1: 108.02 High Jul 18

*PRICE: 107.84 @ 08:48 GMT July 22

*SUP 1: 107.21 Low Jul 18

*SUP 2: 107.10 Low Jun 26

*SUP 3: 106.78 Low Jun 25 and key support

*SUP 4: 106.00 Round number support

USDJPY remains locked in a short-term uptrend, challenging the 108.00 handle.

Clearance of the Jul 16 high at 108.38 would be an encouraging sign for bulls,

opening a return to the key 108.99 resistance. A break here would once again

confirm a resumption of the uptrend. On the downside, a move below 107.21 would

instead expose support at 106.78 that also represents the key bear trigger.