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Rally Reaches Upper 1%.............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rally Reaches Upper 1% Volatility Band
*RES 4: Y107.91/98 Feb 21 high, 2% volatility band
*RES 3: Y107.68 Feb 27 high
*RES 2: Y107.30 Mar 13 high
*RES 1: Y106.95/01 1% volatility band, Mar 28 high
*PRICE: Y106.57 @0815GMT
*SUP 1: Y106.30/35 Hourly support
*SUP 2: Y105.90/97 Mar 27 high, hourly base Mar 28
*SUP 3: Y105.73 Initial recovery high Mar 28, now support
*SUP 4: Y105.50/55 Hourly congestion Mar 27-28
*COMMENTARY* Has popped through Y106.82 resistance to reach Y107.01 so far, just
through the upper 1% volatility band at Y106.95 today. Some near term overbought
conditions being shaken off, Y106.35-Y106.30 the initial downside protection,
the Y105.97-Y105.90 area currently of more consequence below. Loss of the latter
would spoil the look of recent upside momentum. Above Y106.95-Y107.01 and a
series of former highs ahead of 2% volatility band at Y107.98.

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