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Rally Resumes With Break Above.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rally Resumes With Break Above Previous Y110.91 High
*RES 4: Y111.86 1.618 swing of Y110.91-Y109.37
*RES 3: Y111.60 76.4% Fibo of Y113.75-Y104.63
*RES 2: Y111.34/40 1% volatility band, May 21 high
*RES 1: Y111.07 Intraday high
*PRICE: Y110.74 @0818GMT
*SUP 1: Y110.40/50 Hourly support
*SUP 2: Y110.05 Jun 25 high, now support
*SUP 3: Y109.62/69 5 week rising support line, Jun 27 low
*SUP 4: Y109.37 Jun 25, Jun 26 lows
*COMMENTARY* Has continued to improve since the setback to Y109.37 at the
beginning of last week. Today has marked a rally through the previous Y110.91
high, reaching Y111.07, before giving back some gains on the back of some
overbought hourly conditions. Y110.50-Y110.40 provides immediate support,
Y110.05-Y109.62 of more importance below. A continued rise will see
Y111.34-Y111.86 as the next potential target zone above Y111.07.

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