Watch for G20 headlines: *RES 4:...>

DOLLAR-YEN TECHS: Watch for G20 headlines:

*RES 4: 109.46 50-dma

*RES 3: 109.02 May 13 low

*RES 2: 108.80 High Jun 11

*RES 1: 108.16/24 High Jun 27 / Trendline resistance drawn off the Apr 24 high

*PRICE: 107.82 @ 06:11 GMT June 28

*SUP 1: 107.56 Intraday low

*SUP 2: 107.49/31 100-hma/61.8% 106-78-108.16

*SUP 3: 106.78/65 Low Jun 25 / 76.4% of the Jan 3-Apr 24 rally

USDJPY based ahead of 107.50, before recovering to consolidate toward the upper

end of its weekly range. The outlook for now remains positive, with a

combination of a hammer formation on Tuesday and bullish engulfing reversal line

on Wednesday highlighting a developing bullish theme. Both these patterns are

important candle reversal lines. Trendline resistance crosses at 108.24, where a

break would essentially confirm a reversal to bullish. Failure at the trendline

is required to maintain the bearish trend that has dominated since Apr 24.