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Lower 2% Volatility Band Under.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Lower 2% Volatility Band Under Pressure
*RES 4: Y107.90/05 Feb 14 high, Feb 9 low
*RES 3: Y107.55 Feb 14 high
*RES 2: Y107.23 Hourly high Feb 14
*RES 1: Y106.84 Initial low Feb 14. now resistance
*PRICE: Y106.36 @1620GMT
*SUP 1: Y106.18/29 Intraday low, 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* Has squeezed lower again today, the 2% volatility band at Y106.29
is under pressure, a low of Y106.18 at the time of writing. As always cautious
when this is exceeded, as is never a long lasting situation. At the moment,
there is not much showing below Y106.18, until the Y105.55-Y105.44 area. In the
meantime, resistance comes from Y106.84 but likely requires a move back above
Y107.23 before any belief in a near term correction will arise.

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