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Recovery Continues, Eyes A.........>

DOLLAR-YEN TECHS: Recovery Continues, Eyes A Y110.83-Y111.05 Challenge
*RES 4: Y111.38 76.4% Fibo of Y112.20-Y108.73
*RES 3: Y111.05 Aug 4 high
*RES 2: Y110.83/93 Aug 8 high, 38.2% of Y114.50-Y108.73
*RES 1: Y110.45/50 Congestion area Aug 8-Aug 9 
*PRICE: Y110.42 @0930GMT
*SUP 1: Y109.80 Aug 14 high, now support
*SUP 2: Y109.58/62 Hourly basing area Aug 14
*SUP 3: Y109.41/42 Aug 11 high, Aug 14 low
*SUP 4: Y109.00 1% volatility band
*COMMENTARY* The move back through Y109.84 has instilled further near term
upside confidence, the congested Y110.45-50 area is now the barrier to increased
gains. As a result, support also on the rise, Monday's Y109.80 high the
immediate protection, the Y109.62-Y109.41 region currently of more consequence
below. Directly through Y110.50 and next resistance comes from between two of
the month's previous Y110.83-Y111.05 highs.

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