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Upside Focus *RES 4: 111.04 High...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Upside Focus
*RES 4: 111.04 High Feb 25
*RES 3: 109.68 High Feb 28
*RES 2: 108.58 High Mar 2
*RES 1: 108.50 High Mar 13 and just above the 50-day EMA
*PRICE: 107.37 @ 09:51 GMT Mar 18
*SUP 1: 105.15 Low Mar 16
*SUP 2: 104.51 Low Mar 13
*SUP 3: 103.09 Low Mar 12 and key near-term support
*SUP 4: 102.02 Low Mar 10
USDJPY ended last week's session on a firm note following the clear breach of
resistance at the 105.92/106.10 zone. The move higher Friday also confirmed a
bullish reversal price pattern on Mar 10, a bullish engulfing candle. With a
short-term up-trend confirmed, scope exists for strength towards 108.58 next,
the Mar 2 high. A break of 108.58 would open 109.68. On the downside, firm
support lies at Friday's 104.51 low.

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