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Fall Continues, Losing Key.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Fall Continues, Losing Key Y109.15 Support In The Process
*RES 4: Y110.20 Broken 2 month bull channel base
*RES 3: Y110.00 Hourly congestion May 23
*RES 2: Y109.77 Intraday high 
*RES 1: Y109.55/60 May 23 low, hourly resistance
*PRICE: Y109.21 @1550GMT
*SUP 1: Y108.95 Intraday low
*SUP 2: Y108.81 38.2% Fibo of Y104.63-Y111.40
*SUP 3: Y108.65 May 4 low
*SUP 4: Y108.02 50% Fibo of Y104.63-Y111.40, 2% vol band
*COMMENTARY* The appearance of the 'shooting star' candle close on the daily
chart on Monday was the warning and precursor to the subsequent decline, which
has now broken beneath key Y109.15 support today. A low so far of Y108.95,
before encountering some near term oversold conditions. In this respect,
Y109.55-Y109.60 provides immediate resistance, the day's Y109.77 high
thereafter. Below Y108.95 and not much to stop a further Y108.81-Y108.65 fall.

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