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Testing Support Risk-off flows.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Testing Support
Risk-off flows have bears targeting a clean break through Wednesday's low of
109.15 to expose the big figure. Below here the lower Bollinger Band (2%) and
50% retracement of the move from 99.02 to 118.66 provide the first lines of
support. Bulls look for a move above 109.88 (21-dma). Consolidation above
Y110.00 would then bring the May 23 high & 100-dma back into view at 110.36/60.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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