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

DOLLAR-YEN TECHS: Breaks Above 2018 Falling Resistance Line Looks Tenuous
*RES 4: Y107.68 Feb 27 high
*RES 3: Y107.43 1% volatility band
*RES 2: Y107.20/28 Mar 1 high, 76.4% Fibo of Y107.91-Y105.25
*RES 1: Y106.90/05 Hourly resistance, Mar 9 high
*PRICE: Y106.53 @0911GMT
*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: Y105.46 Mar 6 low
*COMMENTARY* Friday saw the rally break above the 2018 falling resistance line,
at Y106.50 by time today. A high of Y107.05, 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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