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DOLLAR-YEN TECHS: Recovery Aims For A Test To Y113.84-Y114.10 Resistance
*RES 4: Y114.65 1% volatility band
*RES 3: Y114.45 Oct 27 high
*RES 2: Y114.10 Hourly congestion Oct 26-27
*RES 1: Y113.84 Oct 30 high
*PRICE: Y113.66 @1616GMT
*SUP 1: Y113.15/25 Hourly support
*SUP 2: Y112.96 Intraday low
*SUP 3: Y112.70/72 Initial high Oct 19, 61.8% Fibo retrace
*SUP 4: Y112.29/31 Oct 19 low, 76.4% of Y111.65-Y114.45
*COMMENTARY* Monday's loss of Y113.50 support, started a correction, the
subsequent loss of Y113.24 adding fuel to the fire. Is currently finding support
from Y112.96, as some near term oversold conditions come into play. The move
back above Y113.50-55, now sees Y113.84-Y114.10 as next resistance. Need back
above the latter before bias can return higher. In the meantime, Y113.25-Y113.15
protects Y112.96 and potentially lower.