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Rally Tires After Reaching Upper...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rally Tires After Reaching Upper 1% Volatility Band
*RES 4: Y107.68 Feb 27 high
*RES 3: Y107.30 Mar 13 high
*RES 2: Y106.98/01 1% volatility band, Mar 28 high
*RES 1: Y106.70/75 Hourly resistance
*PRICE: Y106.09 @1644GMT
*SUP 1: Y105.90 Mar 27 high, now support
*SUP 2: Y105.73 Initial recovery high Mar 28, now support
*SUP 3: Y105.50/55 Hourly congestion Mar 27-28
*SUP 4: Y105.32 Mar 27 low
*COMMENTARY* Moved through Y106.82 resistance to reach Y107.01 on Thursday, just
through the upper 1% volatility band at Y106.98 today. Some near term overbought
conditions being shaken off, a low of Y106.12 so far, the Y105.90 area currently
of more consequence below. Loss of the latter would spoil the look of recent
upside momentum. Above Y106.98-Y107.01 and a series of former highs bar the way
to Fibo resistance at Y108.11.

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