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Near Term Focus Remains On Hold....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Near Term Focus Remains On Hold Of Y106.85-Y106.62 Support
*RES 4: Y108.04/11 Equality rise from Y105.66, 38.2% Fibo
*RES 3: Y107.91 Feb 21 high
*RES 2: Y107.78/84 Apr 13 high,1.618 swing of Y107.01-Y105.66
*RES 1: Y107.50/55 Hourly resistance
*PRICE: Y107.27 @1700GMT
*SUP 1: Y106.85 Hourly congestion lows Apr 6-Apr 11
*SUP 2: Y106.62/65 Apr 9, Apr 10, Apr 11 lows
*SUP 3: Y106.12 Mar 30 low
*SUP 4: Y105.90 Mar 27 high, now support
*COMMENTARY* Pullbacks have so far held above the congested lows from Y106.85.
Do however require a move back above Y107.55, or the immediate risk will return
lower and below  Y106.85 will bring the key near term Y106.65-Y106.62 area into
view. Have to hold here or recent upside momentum evaporates. Directly above
Y107.55 once again brings the congested Y107.78-Y108.11 region into play. Above
needed to arouse greater upside potential.

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