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Bullish 'Outside Day' Already......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bullish 'Outside Day' Already Sees A 38.2% Fibo Retrace
*RES 4: Y111.72 2% volatility band
*RES 3: Y111.38 50% Fibo of Y114.50-Y108.27
*RES 2: Y110.95 Aug 16 high
*RES 1: Y110.63/65 1% vol band, 38.2% Fibo of Y114.50-Y108.27
*PRICE: Y110.53 @0856GMT
*SUP 1: Y109.70/75 Hourly support
*SUP 2: Y109.15 Hourly congestion area Aug 25-28
*SUP 3: Y108.85 Aug 23 low
*SUP 4: Y108.27/44 Aug 29 low, 1% volatility band
*COMMENTARY* The fall was held by the lower 1% volatility band on Tuesday,
thereby preserving the year's previous Y108.13 low. The subsequent recovery
created a potentially bullish 'outside day' on the daily chart, a fresh low
coupled with a close above the previous day's high. This has already seen a move
towards the upper 1% volatility band and 38.2% Fibo level at Y110.65. Support
comes from between Y109.75-Y109.15 but only below Y108.85 would caution.

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