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Sharp Pullback After Reaching......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Sharp Pullback After Reaching Y107.28-Y107.30 Resistance
*RES 4: Y107.68 Feb 27 high
*RES 3: Y107.28/30 76.4% of Y107.91-Y105.25, Mar 13 high
*RES 2: Y107.05 Mar 9 high
*RES 1: Y106.70/75 Hourly resistance, intraday high
*PRICE: Y106.18 @1625GMT
*SUP 1: Y106.00/05 Hourly congestion Mar 7-Mar 8
*SUP 2: Y105.70/75 Hourly lows/highs Mar 2-Mar 7
*SUP 3: Y105.46 Mar 6 low
*SUP 4: Y105.15/25 1% volatility band, Mar 2 low
*COMMENTARY* Friday saw a break above the 2018 falling resistance line.
Tuesday's move through Y107.05 has faltered at the next resistance of note
between Y107.28-Y107.31, an area which includes the upper 1% volatility band
today. Will need above the latter before confidence in a greater Y107.68-Y107.91
recovery will grow. In the interim, Y106.25-Y106.19  support has given way,
Y106.05-Y105.70 now of more importance below. 

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