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

DOLLAR-YEN TECHS: Recovery Falters Beneath Key Y108.05-Y108.28 Resistance

*RES 4: Y107.91/05 Feb 21 high, Feb 9 low

*RES 3: Y107.61 Hourly recovery high Feb 22

*RES 2: Y107.21/34 Feb 23 high, congestion area Feb 21-22

*RES 1: Y107.00 Hourly resistance

*PRICE: Y106.63 @0840GMT

*SUP 1: Y106.35/45 Hourly lows/highs Feb 16-19

*SUP 2: Y106.10 Feb 19 low

*SUP 3: Y105.82/92 1% volatility band, hourly base Feb 16

*SUP 4: Y105.55 Feb 16 low

*COMMENTARY* The recovery came to a halt at Y107.91 last week, leaving us shy of

a test to the key Y108.05-Y108.28 region. As well as these two previous lows,

there is also the upper 1% volatility band at Y107.96 and the 2018 falling

resistance line at Y108.03, to contend with. Will therefore need to conquer this

area, before any real upside impetus will be found. Meanwhile, Y106.35 is

initial support but Y106.10-Y105.82 a better gauge to direction below.