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Vulnerable Near-Term: *RES 4:......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Vulnerable Near-Term:
*RES 4: 109.32 High Aug 1 and a key resistance
*RES 3: 108.47/48 High Oct 1/Sep 18 High and bull trigger
*RES 2: 107.89 High Oct 2
*RES 1: 107.24 38.2% retracement of Oct 1 - Oct 3 decline
*PRICE: 106.87 @ 04:39 GMT Oct 7
*SUP 1: 106.47 50% retracement of Aug 26-Sep 18 rally
*SUP 2: 106.40 3.0% Lower Bollinger Band
*SUP 3: 106.33 Low Sep 5
*SUP 4: 106.00 61.8% retracement of Aug 26-Sep18 rally
USDJPY remains vulnerable following last weeks failure to hold above former key
S/T support at 106.96, Sep 24 low. The move lower and close below 106.96 exposes
the pair to a deeper pullback, with 106.47 and 106.33 marking initial
objectives. It is possible still, that last weeks sell-off is a correction. If
so, 61.8% of Aug 26 - Sep 18 rally at 106.00 marks a key support and would need
to hold. A move higher would refocus attention 108.84, the bull trigger.

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