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Breaks Above 2018 Falling..........>

DOLLAR-YEN TECHS: Breaks Above 2018 Falling Resistance Line
*RES 4: Y107.68 Feb 27 high
*RES 3: Y107.47 1% volatility band
*RES 2: Y107.20/28 Mar 1 high, 76.4% Fibo of Y107.91-Y105.25
*RES 1: Y106.95 Intraday high
*PRICE: Y106.75 @1020GMT
*SUP 1: Y106.23/27 Hourly support
*SUP 2: Y106.00/05 Hourly congestion Mar 7-Mar 8
*SUP 3: Y105.87/89 Initial rally high Mar 7, Mar 8 low
*SUP 4: Y105.34/46 1% volatility band, Mar 6 low
*COMMENTARY* The rally has now broken above the 2018 falling resistance line, at
Y106.65 by time today. A high of Y106.95 at the time of writing, ahead of the
next resistance area of note between Y107.20-Y107.28. Will need to surmount the
latter before confidence in a greater Y107.47-Y107.91 recovery will grow. In the
interim, Y106.27-Y106.23 provides initial support, Y106.05-Y105.87 of more
importance below and protection against Y105.46-Y105.25.

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