LONDON, July 11 - Following is a selection of comments from analysts on important technical developments in the foreign exchange market.
TECHNICAL ANALYSTS AT TOKAI BANK, SINGAPORE
* DOLLAR/YEN: "Dollar/yen was sold to 124.98 further covering the mentioned gap from 124.45 to 124.97 in marking the fifth point of the bullish diagonal pattern and rallied to 125.70. Short-term pull back might try 125.35. Day traders should look to buy with a stop at 124.95. Position takers had bought at 124.25 with a stop at 123.25. Major trend is up."