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Moves Toward Congested.............>

DOLLAR-YEN TECHS: Moves Toward Congested Y108.04-Y108.41 Resistance Zone
*RES 4: Y109.19 50% Fibo of Y113.75-Y104.63
*RES 3: Y108.34/41 1.618 swing Y107.78-Y106.88, 1% vol band
*RES 2: Y108.04/11 Equality rise from Y105.66, 38.2% Fibo
*RES 1: Y107.91/95 Feb 21, intraday highs
*PRICE: Y107.92 @0843GMT
*SUP 1: Y107.40/50 Hourly support
*SUP 2: Y107.10 Hourly base Apr 18
*SUP 3: Y106.88 Apr 17 low
*SUP 4: Y106.62/65 Apr 9, Apr 10, Apr 11 lows
*COMMENTARY* Fresh rally attempting to clear Y107.91 resistance and allow a
foray into the congested Y108.04-Y108.41 region. This a combination of equality
rise, Fibo and swing targets but more importantly the upper 1% volatility band.
Will need to sustain a move above the latter before greater upside potential
toward Y109.19 will follow. In the interim, look to Y107.50-Y107.40 for support
with Y107.10 currently more important below.

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