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Further Recovery Has...............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Further Recovery Has Y105.77-Y106.00 Resistance
*RES 4: Y106.74 Hourly congestion Feb 28-Mar 1
*RES 3: Y106.55 Initial low Mar 1, now resistance
*RES 2: Y106.38 Feb 26 low, now resistance
*RES 1: Y106.00 Hourly resistance
*PRICE: Y105.61 @1017GMT
*SUP 1: Y105.25 Mar 2 low
*SUP 2: Y104.60 2% volatility band
*SUP 3: Y104.09 1.618 swing of Y105.55-Y107.91
*SUP 4: Y103.64 76.4% Fibo of Y99.00-Y118.67
*COMMENTARY* Has continued to lose ground since last Monday's Y107.68 high. The
subsequent loss of the previous Y105.55 low has reached Y105.25 so far, before
finding some near term respite from some oversold hourly conditions. Now has
Y105.77-Y106.00 in the way of any further gains and better recovery of some of
those losses. Below Y105.25 and the lower 2% volatility band at Y104.60 is the
protection against a drop to the swing target at Y104.09. 

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