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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: Y107.91/05 Feb 21 high, 1% vol band, Feb 9 low
*RES 3: Y107.61 Hourly recovery high Feb 22
*RES 2: Y107.34 Congestion area Feb 21-22
*RES 1: Y107.21 Feb 23 high
*PRICE: Y107.08 @0915GMT
*SUP 1: Y106.55 Hourly support
*SUP 2: Y106.35/38 Hourly lows/highs Feb 16-19, Feb 26 low
*SUP 3: Y106.10 Feb 19 low
*SUP 4: Y105.55/80 Feb 16 low, 1% volatility band
*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 Y107.94 and the 2018 falling
resistance line at Y107.88, to contend with. Will therefore need to conquer this
area, before any real upside impetus will be found. Meanwhile, Y106.55-Y106.35
is initial support but Y106.10-Y105.80 a better gauge to direction below.

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