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Rally Stalling Below Upper 1%......>

DOLLAR-YEN TECHS: Rally Stalling Below Upper 1% Volatility Band
*RES 4: Y108.04/11 Equality rise from Y105.66, 38.2% Fibo
*RES 3: Y107.84/91 1.618 swing Y107.01-Y105.66, Feb 21 high
*RES 2: Y107.50/70 Apr 5 high, 1% volatility band
*RES 1: Y107.20/30 Hourly resistance
*PRICE: Y106.98 @0850GMT
*SUP 1: Y106.57/62 Hourly support, Apr 9 low
*SUP 2: Y106.35 Hourly high/low Apr 3-4
*SUP 3: Y105.99 Apr 4 low
*SUP 4: Y105.66 Apr 2 low
*COMMENTARY* Last week saw a break of pivotal Y106.69 resistance and then the
Y107.22-Y107.30 area. A high of Y107.50 so far, just shy of a test to the upper
1% volatility band, at Y107.70 today. These ahead of the next Y107.84-Y107.91
target zone. As a result, nearest support moves up to Y106.62-Y106.57, although
it would currently take a loss of Y106.35 to impair recent upside momentum.
Directly through Y107.91 and Y108.04-Y108.11 is anticipated next.

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