Watching Resistance At 106.10......>

DOLLAR-YEN TECHS: Watching Resistance At 106.10

*RES 4: 108.43 50-day EMA

*RES 3: 107.65 Low Jan 8

*RES 2: 106.34 High Mar 6

*RES 1: 106.10 High Mar 12

*PRICE: 105.60 @ 05:56 GMT Mar 13

*SUP 1: 103.09 Low Mar 12

*SUP 2: 102.02 Low Mar 10

*SUP 3: 101.19 Low Mar 9 and bear trigger

*SUP 4: 100.32 1.500 projection of Apr 24 - Aug 26, 2019 move from Feb 20 high

USDJPY rallied Tuesday following the rebound off the week's 101.19 low. Recent

losses below 104.46, Aug 26 low continue to weigh on the pair though. This

confirmed a breach of a broad 104.46 - 112.26 range the pair has traded within

since Jan last year. It opens 100.00 with a range projection at 98.00. A concern

for bulls is Tuesday's candle pattern. If price can follow through on

yesterday's bounce, this would alter the picture and open 107.65, Jan 8 low.