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Correction Continues With..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Correction Continues With Y109.37-Y109.04 As Next Support Band
*RES 4: Y110.76 Jun 21 high
*RES 3: Y110.45 Jun 20 high
*RES 2: Y110.22 Jun 22 high
*RES 1: Y109.90/05 Hourly resistance, Jun 25 high
*PRICE: Y109.69 @0829GMT
*SUP 1: Y109.37 Jun 25 low
*SUP 2: Y109.18/20 61.8% of Y108.11-Y110.91, Jun 8 low
*SUP 3: Y108.77/80 76.4% Y108.11-Y110.91,swing Y109.55-Y110.76
*SUP 4: Y108.11 May 29 low
*COMMENTARY* Unable to improve on the Y110.91 high seen on Jun 15 and has
gradually been paying the price since. Monday's break below Y109.80-Y109.55 has
found support from Y109.37, protecting against a further Y109.20-Y109.04 fall,
the latter the lower 1% vol band, as gains from the May 29 low at Y108.11 begin
to unwind. Y109.90-Y110.05 provides immediate resistance, Y110.22-Y110.45
higher. Below Y109.04 and Y108.80-Y108.77 becomes important.

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