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Downside Pressure Continues,.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Downside Pressure Continues, Y107.51-Y107.36 Next Targets
*RES 4: Y108.97 Hourly recovery high Sep 7 (2)
*RES 3: Y108.72 Hourly recovery high Sep 7 (1)
*RES 2: Y108.45 Sep 6 low, now resistance
*RES 1: Y108.05/15 Hourly resistance
*PRICE: Y107.71 @0910GMT
*SUP 1: Y107.51 Jul 2016 high, now support
*SUP 2: Y107.36 1.618 swing of Y108.73-Y110.95
*SUP 3: Y107.06 2% volatility band
*SUP 4: Y106.51 61.8% Fibo of Y99.00-Y118.67
*COMMENTARY* The week's earlier break below Y108.85 was the initial concern,
Thursday's loss of Y108.45-Y108.39 then the confirmation of a fresh downside
assault. This has broken  below the year's previous Y108.13 low, as we extend
towards the next band of support from between Y107.51-Y107.36. This just above
the lower 2% volatility band at Y107.06 and the longer term Fibo level at
Y106.51. Resistance currently from beneath Y108.05-15 and then Y108.47-Y108.72.

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