Sharp Pullback Approaches Key......>

DOLLAR-YEN TECHS: Sharp Pullback Approaches Key Near Term Support

*RES 4: Y107.28/30 76.4% of Y107.91-Y105.25, Mar 13 high

*RES 3: Y107.05 Mar 9 high

*RES 2: Y106.75 Mar 14 high

*RES 1: Y106.38 Hourly low/high Mar 14

*PRICE: Y106.03 @0915GMT

*SUP 1: Y105.70/75 Hourly lows/highs Mar 2-Mar 7

*SUP 2: Y105.46 Mar 6 low

*SUP 3: Y105.13/25 1% volatility band, Mar 2 low

*SUP 4: Y104.00/09 15 month bear channel, swing target

*COMMENTARY* Still paying the price for faltering at Y107.28-Y107.30 resistance,

an area which also includes the upper 1% volatility band today. The subsequent

fall has reached toward the key near term support from between Y105.75-Y105.70.

Really need to stay above here if any recent upside momentum is to be retained

and avoid pressure returning on Y105.25-Y105.13. Resistance Y106.38-Y106.75 but

back above Y107.05 is likely needed to see upside confidence return.