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Uptrend Intact *RES 4: 110.67......>

DOLLAR-YEN TECHS: Uptrend Intact
*RES 4: 110.67 High May 21
*RES 3: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 2: 109.93 High May 30
*RES 1: 109.61 High Nov 27
*PRICE: 109.44 @ 10:30 GMT Nov 28
*SUP 1: 108.88 Low Nov 26
*SUP 2: 108.24 Low Nov 14 and key support
*SUP 3: 107.89 Low Nov 1
*SUP 4: 107.57 38.2% retracement of the Aug 26 - Nov 7 rally
The short-term outlook USDJPY remains bullish. This follows the breach earlier
this week of resistance at 109.07, Nov 18 high. Furthermore, the pair yesterday
traded above former resistance at 109.49, Nov 7 high. This confirms a resumption
of the uptrend that has been in place since Aug 26 and opens 109.93 next, May 30
high. 108.24 is key support. Initial support is at 108.88, Nov 26 low.

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