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Again Testing The Key..............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Again Testing The Key Y110.62-Y110.48 Support Area
*RES 4: Y112.42 Jul 20 high
*RES 3: Y112.10/20 38.2% of Y114.50-Y110.62, Jul 26 high
*RES 2: Y111.72 Jul 27 high
*RES 1: Y111.30/35 Hourly resistance
*PRICE: Y110.84 @1623GMT
*SUP 1: Y110.62 Jul 24 low
*SUP 2: Y110.48 1% vol band, 61.8% Y108.13-Y114.50
*SUP 3: Y110.16 76.4% Fibo of Y108.82-Y114.50
*SUP 4: Y109.63 76.4% Y108.13-Y114.50, swing Y110.62-Y112.20
*COMMENTARY* Unable to break free of the 38.2% Fibo retrace level at Y112.10 on
Wednesday, a high of Y112.20 before succumbing to a fresh fall. The subsequent
loss of the Jul 24 high at Y111.32 has seen near term bias return to the
downside, the further loss of yesterday's Y110.78 low now opening up the key
Y110.62-Y110.48 area. Lose here and not much to stop a further Y110.16-Y109.63
decline. Back above Y111.35-Y111.72 resistance currently needed for respite.

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