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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Falters Beneath Key Y108.05-Y108.28 Resistance
*RES 4: Y108.15/28 1% volatility band, Jan 26 low
*RES 3: Y107.91/05 Feb 21 high, Feb 9 low
*RES 2: Y107.61 Hourly recovery high Feb 22
*RES 1: Y107.30/40 Hourly resistance
*PRICE: Y106.90 @0955GMT
*SUP 1: Y106.60 Feb 22 low
*SUP 2: Y106.35/45 Hourly lows/highs Feb 16-19
*SUP 3: Y105.92/01 Hourly base Feb 16, 1% volatility band
*SUP 4: Y105.55 Feb 16 low
*COMMENTARY* The recovery came to a halt at Y107.91 on Wednesday, leaving us shy
of a test to the key Y108.05-Y108.28 region. As well as two previous lows,
within here today lies the upper 1% volatility band, Y108.15 and also the 2018
falling resistance line at Y108.18. Will therefore need to conquer this area,
before any real upside impetus will be found. Meanwhile, Y106.60 is initial
support but Y106.45-Y105.92 provides a better gauge to direction below.

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