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Recovery Unable To Sustaine A......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Unable To Sustaine A Y110.62 Break
*RES 4: Y111.36/40 Equality rise from Y109.20, May 21 high
*RES 3: Y110.91/93 Jun 15 high, 1.618 swing Y110.27-Y109.20
*RES 2: Y110.76 Intraday high
*RES 1: Y110.35/40 Hourly resistance
*PRICE: Y109.99 @1651GMT
*SUP 1: Y109.85 Hourly support
*SUP 2: Y109.51/55 50% of Y108.11-Y110.91, Jun 19 low
*SUP 3: Y109.18/20 61.8% of Y108.11-Y110.91, Jun 8 low
*SUP 4: Y108.77 76.4% of Y108.11-Y110.91
*COMMENTARY* Last Friday saw a rise to Y110.91, just shy of the swing target at
Y110.93, before suffering a setback. The subsequent loss of Y110.15 and
especially Y109.85 saw Y109.60-Y109.51 as the protection against a
Y109.20-Y109.18 return, where next questions would be asked of direction.
Meanwhile a recovery has slightly breached Monday's Y110.62 high, a sustained
break now needed for impact. Meanwhile, support rises to Y109.85.

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