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  • RES 4: 110.82 High Jul 7
  • RES 3: 110.80 High Aug 11 and a key resistance
  • RES 2: 110.45/46 High Sep 8 / High Aug 13
  • RES 1: 110.16 High Sep 13 / 14
  • PRICE: 109.91 @ 06:23 BST Sep 20
  • SUP 1: 109.11 Low Aug 16 / Sep 15
  • SUP 2: 108.72 Low Aug 04 and the bear trigger
  • SUP 3: 108.56 Low May 25
  • SUP 4: 108.47 76.4% of the Apr 23 - Jul 2 rally

USDJPY traded higher Friday, but remains fragile after a recent sell-off. Support at 109.11, Aug 16 / Sep 15 low needs to give way though to reinforce a bearish theme. A breach of this level would expose 108.72, Aug 4 low. Clearance of 108.72l would open 108.47, a Fibonacci retracement and below. For bulls, the level to breaks remains 110.80, Aug 11 high. Initial firm resistance is at 110.45/46.