Resistance 3: Y109.70
Resistance 2: Y109.00
Resistance 1: Y108.00
Current price: Y107.36
Support 1: Y106.70
Support 2: Y105.90
Support 3: Y104.70
Comments: USD/JPY strongly recovered after yesterday’s sell-off with resistance comes at Y108.00 (Wednesday’s high). Above the next band of resistance is around Monday’s high on Y109.00/10. Support is around 50% Fibo of yesterday’s fall at Y106.70, then – near trend line from Mar 17 on Y105.90. Break under this level opens the way to Y104.70 (Jul 17 low).