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Recovery Still Lacking A Clear.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Still Lacking A Clear Y109.83 Break
*RES 4: Y110.93/95 38.2% of Y114.50-Y108.73, Aug 16 high
*RES 3: Y110.60 1% volatility band
*RES 2: Y110.38 Aug 17 high
*RES 1: Y109.83/85 Aug 23, Aug 25 highs
*PRICE: Y109.19 @0911GMT
*SUP 1: Y109.03/05 Intraday low, hourly support
*SUP 2: Y108.85 Aug 23 low
*SUP 3: Y108.40/60 1% volatility band, Aug 18 low
*SUP 4: Y108.13 Apr 17 low
*COMMENTARY* Still clinging to support from above the Aug 18 low at Y108.60,
aided in part by the 'Doji' candle close on the daily chart on that day. Has
survived another assault last week a low of Y108.64, before seeing another
bounce and the chance for a better recovery. So far this has reached Y109.83-85,
without as yet challenging tougher resistance between Y110.38-Y110.95. Initial
support Y109.05-Y108.85 but lose Y108.60-Y108.40 and the outlook changes again.

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