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Friday's Rally Provides............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Friday's Rally Provides Interesting 'Doji' Candle Close
*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: Y109.61/67 Aug 18 high, hourly resistance
*PRICE: Y109.06 @0922GMT
*SUP 1: Y108.85 Hourly support
*SUP 2: Y108.58/60 1% volatility band, Aug 18 low
*SUP 3: Y108.13 Apr 17 low
*SUP 4: Y107.36/48 1.618 swing Y108.73-Y110.95, 2% vol band
*COMMENTARY* A fall to a fresh Y108.60 low on Friday but the subsequent recovery
formed a 'Doji' candle close on the daily chart. Will need to survive another
assault today, before this becomes more interesting and perhaps suggest better
scope for a recovery. Meanwhile, Y109.61-67 provides initial resistance,
Y110.05-Y110.38 of more consequence higher. Below Y108.58-60 and look to the
year's previous Y108.13 low as protection to Y107.48-Y107.36.

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