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Decline Sees Congested Support.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Decline Sees Congested Support Between Y106.65-Y106.40 Next
*RES 4: Y108.46 Feb 6 low, now resistance
*RES 3: Y108.05 Feb 9 low, now resistance
*RES 2: Y107.90 Intraday high
*RES 1: Y107.55/65 Hourly resistance
*PRICE: Y107.07 @1720GMT
*SUP 1: Y106.72 Intraday low
*SUP 2: Y106.65 2% volatility band
*SUP 3: Y106.51 61.8% Fibo of Y99.00-Y118.67
*SUP 4: Y106.40 1.618 swing of Y106.84-Y107.55
*COMMENTARY* Unable to recover through Y107.65 resistance, so immediate focus
has returned to the downside. A low of Y106.72 at the time of writing, still
have decent support from between Y106.65-Y106.40 below. In the meantime,
Y107.55-65 still provides initial barrier, the day's Y107.90 high needs to be
surpassed before any thoughts can turn to a meaningful recovery. Below Y106.40
and not much currently showing until Y105.55.

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