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Hold Of Y106.85-Y106.62 Support....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Hold Of Y106.85-Y106.62 Support Switches Focus Higher Again
*RES 4: Y108.27/34 1% vol band, 1.618 swing of Y107.78-Y106.88
*RES 3: Y108.04/11 Equality rise from Y105.66, 38.2% Fibo
*RES 2: Y107.91 Feb 21 high
*RES 1: Y107.78/84 Apr 13 high,1.618 swing of Y107.01-Y105.66
*PRICE: Y107.57 @0854GMT
*SUP 1: Y107.05/10 Hourly support
*SUP 2: Y106.88 Apr 17 low
*SUP 3: Y106.62/65 Apr 9, Apr 10, Apr 11 lows
*SUP 4: Y106.12 Mar 30 low
*COMMENTARY* Pullbacks have so far held above the congested lows from Y106.85.
The subsequent move back above Y107.55 reduces the risk of an immediate return
lower and below Y106.88-Y106.85 will bring the key near term Y106.65-Y106.62
area into view. Have to hold here or recent upside momentum evaporates. Now once
again facing congested Y107.78-Y108.11 resistance. Above Y108.27-Y108.34 now
needed to create greater upside potential.

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