Published at 00:37 (GMT) 16 Sep
16 Sep USD/JPY Daily
Keeping below the 107.40 resistance though the downside still limited. Would take break of the 107.00 level to trigger stronger correction to unwind the extreme overbought readings on daily chart. Break will see stronger pullback to the 106.64/40 area then the 106.00 level. [P.L]
R5:: 109.08 8 Sep 08 high R4: 108.60 congestion
R3: 108.04 * 19 Sep 08 high
R2: 107.80 intraday level
R1: 107.40 * t/line from May 13 high
S1: 107.00 figure
S2: 106.64 11 Sep low
S3: 106.47/40 9 Sep, intraday highs
S4: 106.00 figure
S5: 105.71 * 5 Sep high
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