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Pressure Returns To................>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Pressure Returns To Y105.36-Y105.25 Support
*RES 4: Y106.74 76.4% Fibo of Y107.20-Y105.25
*RES 3: Y106.46/55 61.8% Y107.20-Y105.25, initial low Mar 1
*RES 2: Y106.26 Hourly recovery high Mar 6
*RES 1: Y105.87/91 Intraday high, initial basing area Mar 6
*PRICE: Y105.65 @1020GMT
*SUP 1: Y105.36/46 1% vol band, Mar 6 low
*SUP 2: Y105.25 Mar 2 low
*SUP 3: Y104.50 1.618 swing of Y105.25-Y106.46
*SUP 4: Y104.30 2% volatility band
*COMMENTARY* The recovery seemingly ran out of steam at Y106.46 on Tuesday and
has lost ground ever since. The congested Y105.50 area has since come under
assault, leaving the lower 1% volatility band, at Y105.36 today and last
Friday's Y105.25 low vulnerable below. As a result, resistance falls to
Y105.87-Y105.91 but likely requires a move back above Y106.26 for any real
respite. Lose Y105.25 and not much currently evident until Y104.50-Y104.30.

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