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Correction Continues With Loss.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Correction Continues With Loss Of Y109.80-Y109.55 Support
*RES 4: Y110.45 Jun 20 high
*RES 3: Y110.22 Jun 22 high
*RES 2: Y110.05/10 Hourly highs Jun 22
*RES 1: Y109.70/80 Hourly resistance
*PRICE: Y109.57 @1625GMT
*SUP 1: Y109.18/20 61.8% of Y108.11-Y110.91, Jun 8 low
*SUP 2: Y109.09 1% volatility band
*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. Today's break below Y109.80-Y109.55 has
minor support from Y109.30 as protecting against a further Y109.20-Y109.09 fall,
as gains from the May 29 low at Y108.11 begin to unwind. In the meantime,
Y109.70-Y109.80 provides immediate resistance, the Y110.05-Y110.22 area of more
consequence higher. Below Y109.09 and Y108.80-Y108.77 becomes important.

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