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Recovery Falters Beneath...........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Falters Beneath Y108.05-Y108.28 Resistance
*RES 4: Y108.60 61.8% Fibo Y110.48-Y105.55
*RES 3: Y108.34/40 2018 falling resistance line, 1% vol band
*RES 2: Y108.28 Jan 26 low, now resistance
*RES 1: Y108.05 Feb 9 low, now resistance
*PRICE: Y107.33 @1005GMT
*SUP 1: Y107.00/05 Hourly support
*SUP 2: Y106.74 Feb 19 high, now support
*SUP 3: Y106.35/45 Hourly lows/highs Feb 16-19
*SUP 4: Y105.92 Hourly base Feb 16 
*COMMENTARY* The recovery continued on Wednesday, moving us even further away
from the lower 2% volatility band. The move through Y107.65 seeing the next leg
higher towards resistance from two recent Y108.05-Y108.28 lows. In the interim,
nearest support of note remains at Y107.05-Y107.00, loss would concern and allow
a deeper Y106.74-Y106.35 pullback. Above Y108.28 and the year's falling
resistance line is at Y108.34 and the upper 1% volatility band at Y108.40.

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