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Rally Reaches Toward Y110.93.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rally Reaches Toward Y110.93 Swing Target
*RES 4: Y111.60 76.4% Fibo of Y113.75-Y104.63
*RES 3: Y111.36/40 Equality rise from Y109.20, May 21 high
*RES 2: Y111.24 1% volatility band
*RES 1: Y110.91/93 Intraday high, 1.618 swing Y110.27-Y109.20
*PRICE: Y110.49 @0923GMT
*SUP 1: Y110.15/25 Hourly support
*SUP 2: Y109.85/92 61.8% of Y109.20-Y110.91, Jun 14 low
*SUP 3: Y109.60 Hourly high Jun 8, 76.4% of Y109.20-Y110.91
*SUP 4: Y109.18/20 61.8% of Y108.11-Y110.91, Jun 8 low
*COMMENTARY* Today has seen rise to Y110.91, just shy of the swing target at
Y110.93, before suffering a setback. With Y110.25-Y110.15 now acting as near
term support against a return to Y109.92-Y109.85 where bigger questions would be
asked of direction. Directly through Y110.93 and the upper 1% volatility band at
Y111.24 is the potential brake to a higher Y111.36-Y111.60 rise.

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