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Downside Back Under Pressure.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Downside Back Under Pressure After Y109.25 Support Gives Way
*RES 4: Y110.93/95 38.2% of Y114.50-Y108.73, Aug 16 high
*RES 3: Y110.38 Aug 17 high
*RES 2: Y110.05 Hourly recovery high Aug 17
*RES 1: Y109.55/65 Hourly resistance
*PRICE: Y109.06 @0915GMT
*SUP 1: Y108.70/73 1% volatility band, Aug 11 low
*SUP 2: Y108.13 Apr 17 low
*SUP 3: Y107.62 2% volatility band
*SUP 4: Y107.36 1.618 swing of Y108.73-Y110.95
*COMMENTARY* The failure to recover through the 38.2% Fibo retrace level at
Y110.93, coupled with a loss of Y109.25 support today, has seen near term bias
once again switch to the downside. The Y108.70-Y108.73 area now the protection
against a fall to the year's previous Y108.13 base. Meanwhile, resistance
initially from Y109.55-65, with Thursday's Y110.05 recovery high of more
importance above.  Lose Y108.13 and look to Y107.62-Y107.36 next.

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