Dollar drops and safe havens gain on fresh US/China trade pessimism

The dollar and riskier assets fell in early US trading on Monday on the latest media report that expressed pessimistic tone from China over trade deal and soured sentiment.
The USDJPY pair was down some 40-pips after news were released and warning of further weakness as structure on 4-hr chart weakened, after the action was capped by 4-hr cloud top (109.07) and subsequent weakness emerged below thick 4-hr cloud (cloud base lays at 108.68),  increasing risk of false break on close below these pivots.
Fresh weakness returned below bull-trendline off 26 Aug low at 104.44 that would shift near-term risk to the downside if market closes below the trendline today.
Rising 30DMA (108.59) marks initial support, loss of which would expose more significant trough at 108.23 (14 Nov).
Only lift and close above 100/200DMA’s would neutralize downside risk and expose key barrier at 109.48 (7 Nov high, the highest since late May).

Res: 108.80; 108.92; 108.99; 109.07
Sup: 108.59; 108.36; 108.23; 108.08