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Decent Support From Between........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Decent Support From Between Y108.27-Y108.22
*RES 4: Y110.19 Jan 17 low, now resistance
*RES 3: Y109.77 Jan 26 high
*RES 2: Y109.42/48 Hourly highs Jan 25-26
*RES 1: Y109.06 Intraday high
*PRICE: Y108.68 @1050GMT
*SUP 1: Y108.22/27 Sep 11, Aug 29 lows
*SUP 2: Y107.89 2% volatility band
*SUP 3: Y107.72 1.618 swing of Y108.50-Y109.77
*SUP 4: Y107.44 1.618x Y114.74-Y110.84 from Y113.75
*COMMENTARY* Pushed lower on Friday, breaking below Y108.50 support, a low of
Y108.28 so far, before recovering swiftly, aided by some heavily oversold hourly
conditions. Looking at Y109.06 for initial resistance Y109.42-Y109.48 higher.
There is still decent support from between Y108.27-Y108.22 and this currently
protects against a further Y107.72-Y107.44 fall. Probably need a rally through
Y109.77 before any real upside belief will follow.

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