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Lower 2% Volatility Band Again.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Lower 2% Volatility Band Again Under Pressure Today
*RES 4: Y107.65/70 Congestion area Feb 13-14
*RES 3: Y107.17 Hourly highs Feb 14
*RES 2: Y106.86 Feb 15 high
*RES 1: Y106.35/55 Hourly resistance
*PRICE: Y106.02 @0957GMT
*SUP 1: Y105.87 2% volatility band
*SUP 2: Y105.44/55 Jan 2014 high, Oct 3 2016 high
*SUP 3: Y104.35 14 month bear channel base projection
*SUP 4: Y103.64 76.4% Fibo of Y99.00-Y118.67
*COMMENTARY* The recovery stalled at Y106.86 yesterday, a fresh fall through
Y106.18 today, which has again straddled the lower 2% volatility band at
Y105.87, testing into the top of the next band of support from between
Y105.55-Y105.44. Always concerned when we trade below the 2% band as this is
never a long lasting situation. Meanwhile, Y106.35-Y106.55 provides initial
resistance but back above Y106.86 needed for anything meaningful.

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