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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Stable, But Vulnerable *RES 3:.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Stable, But Vulnerable
*RES 3: 109.73 High Dec 2 and key resistance
*RES 2: 109.50 High Dec 30
*RES 1: 108.87 High Jan 2
*PRICE: 108.35 @ 16:21 GMT Jan 6
*SUP 1: 107.77 Intraday low
*SUP 2: 107.72 38.2% retracement of the Aug 26 - Dec 2 rally
*SUP 3: 107.10 50% retracement of the Aug 26 - Dec 2 rally
Despite Monday's intraday stabilisation, the pair remains vulnerable to setbacks
after clearing support last week at 108.43, the Dec 4 low and 108.24, Nov 14
low. This further reinforces the developing short-term bearish threat.
Furthermore, support at 107.89, the Nov 1 low is also under pressure. A clear
breach of this level would expose 107.72 and 107.10, both retracement levels.
Near-term resistance has been defined at 108.87, Jan 2 high where a break is
required to ease the current downward cycle.