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Recovery Nears Next................>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Nears Next Y108.05-Y108.28 Resistance
*RES 4: Y108.60 1% vol band, 61.8% Fibo Y110.48-Y105.55
*RES 3: Y108.46 Feb 6 low, 2018 falling resistance line
*RES 2: Y108.28 Jan 26 low, now resistance
*RES 1: Y108.05 Feb 9 low, now resistance
*PRICE: Y107.55 @0940GMT
*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 continues, moving us even further away from the lower
2% volatility band, which out of interest is at Y105.30 by time today. Today's
move through Y107.65 now allows the next leg higher towards resistance from two
recent Y108.05-Y108.28 lows. In the interim, support moves up to
Y107.05-Y107.00, loss would concern and allow a Y106.74-Y106.35 pullback. Above
Y108.28 and the year's falling resistance line is at Y108.46 today.

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