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Trendline Support Holds For Now....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Trendline Support Holds For Now
*RES 4: 110.73 Bull channel top drawn off Aug 26 low
*RES 3: 109.93 High May 30
*RES 2: 109.32/37 High Aug 1 / 61.8% retracement Apr 24 - Aug 26 decline
*RES 1: 109.29 High Oct 30 and key short-term resistance
*PRICE: 108.15 @ 16:11 GMT Nov 1
*SUP 1: 107.91/89 Channel support drawn off Aug 26 low / Intraday low
*SUP 2: 107.85 Low Oct 11
*SUP 3: 107.44 38.2% retracement of Aug 26 - Oct 30 rally
*SUP 4: 107.04 Low Oct 10
USDJPY was under pressure for much of the Thursday session following Wednesday's
inability to hold the 200-DMA break and the day high of 109.29. The move lower
cleared support at 108.25, Oct 23 low, worsening the outlook. Trendline support
drawn off the Aug 26 low has also been tested. The line intersects at 107.91, a
break would provide an additional threat and open the 107.44 retracement. The
pair needs to recapture Thursday's highs to signal a retest of 109.29.

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