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Minor Support Ahead Of Last........>

DOLLAR-YEN TECHS: Minor Support Ahead Of Last Year's Y107.32 Low
*RES 4: Y109.31/41 Feb 9 high, 2018 falling resistance line
*RES 3: Y108.82/89 Feb 12 high, hourly recovery high Feb 9
*RES 2: Y108.46 Feb 6 low, now resistance
*RES 1: Y108.05/15 Feb 9 low, hourly resistance
*PRICE: Y107.70 @0900GMT
*SUP 1: Y107.32/50 Sep 8 low, 8 day bear channel base proj'n
*SUP 2: Y106.92 1.618 swing of Y108.28-Y110.48
*SUP 3: Y106.84 2% volatility band
*SUP 4: Y106.51 61.8% Fibo of Y99.00-Y118.67
*COMMENTARY* The failure to move back above Y108.90 on Monday has contributed to
a fresh bout of weakness. The loss of Y108.05 has now only minor support from
Y107.50, as protection against a return to last year's Y107.32 low. Lose here
and the swing target at Y106.92 is next ahead of the longer term 61.8% Fibo
retrace level at Y106.51. In the interim, resistance falls to Y108.05-Y108.15,
with Y108.46 then before the still important Y108.82-Y108.89 area.

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