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Loss Of Key Y109.15 Support........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Loss Of Key Y109.15 Support Remains A Concern
*RES 4: Y110.46 May 15 high, hourly recovery highs May 23
*RES 3: Y110.32/33 Broken bull channel base,hourly high May 23
*RES 2: Y110.00 Hourly congestion May 23
*RES 1: Y109.75/77 Intraday, May 24 highs 
*PRICE: Y109.47 @0849GMT
*SUP 1: Y109.13 Hourly base May 24, 1% volatility band
*SUP 2: Y108.81/95 38.2% of Y104.63-Y111.40, May 24 low
*SUP 3: Y108.46/65 1.618 swing Y108.95-Y109.75, 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
broke beneath key Y109.15 support on Thursday. A low so far of Y108.95, before
encountering some near term oversold conditions. In this respect, Y109.77
provides immediate resistance, Y110.00-Y110.33 thereafter. Support Y109.13,
below would caution, Y108.81-Y108.46 potential on loss of Y108.95.

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