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DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rally Stalls On Approach Congested Y107.84-Y108.11 Resistance
*RES 4: Y108.28 Jan 26 low, now resistance
*RES 3: Y108.04/11 Equality rise from Y105.66, 38.2% Fibo
*RES 2: Y107.91 Feb 21 high
*RES 1: Y107.78/84 Apr 13 high,1.618 swing of Y107.01-Y105.66
*PRICE: Y107.25 @0813GMT
*SUP 1: Y107.11/15 Broken resistance line, hourly support
*SUP 2: Y106.85 Hourly congestion lows Apr 6-Apr 11
*SUP 3: Y106.62/65 Apr 9, Apr 10, Apr 11 lows
*SUP 4: Y106.12 Mar 30 low
*COMMENTARY* The Y107.40-Y107.50 area was breached Friday, then seeing an
approach to congested resistance from between the swing target at Y107.84 and
the 38.2% Fibo retrace level at Y108.11. Will need to clear the latter before
greater upside potential will follow. As a result, nearest support comes from
Y107.15-Y107.11, the latter the level of this year's broken resistance line. The
lower Y106.85 level is however currently of more importance below.

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