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Downside Pressure Remains,.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Downside Pressure Remains, Oversold Conditions Being Repaired
*RES 4: Y110.15 2 month falling resistance line
*RES 3: Y109.88/94 Aug 31 low, Sep 4 high
*RES 2: Y109.55 Hourly recovery high Sep 5
*RES 1: Y109.38/40 Sep 4 low, Sep 6 high
*PRICE: Y108.97 @0841GMT
*SUP 1: Y108.65/70 Hourly support
*SUP 2: Y108.39/45 1% volatility band, Sep 7 low
*SUP 3: Y108.13/27 Apr 17, Aug 29 lows 
*SUP 4: Y107.29/36 2% vol band, 1.618 swing Y108.73-Y110.95
*COMMENTARY* The week's earlier break below Y108.85 is a concern, leaving the
Y108.45-Y108.39 area to protect the downside against another tilt at the year's
previous Y108.27-Y108.13 lows. Below and look to a Y107.36 fall. In the interim,
the move back above Y109.15 assists, a clear move back above here is currently
needed to revive any near term upside interest and potentially a Y109.38-Y109.94
rise. The 2 month falling resistance line at the higher Y110.15 level.

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