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Trying To Clear Troublesome........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Trying To Clear Troublesome Y109.51-Y109.61 Resistance
*RES 4: Y110.48 Feb 2 high
*RES 3: Y110.27 61.8% Fibo of Y113.75-Y104.63
*RES 2: Y109.89 1% volatility band 
*RES 1: Y109.79 Feb 8 high
*PRICE: Y109.63 @0944GMT
*SUP 1: Y109.10/15 Hourly support
*SUP 2: Y108.97 Apr 27 low
*SUP 3: Y108.79 Apr 25 low
*SUP 4: Y108.54 Apr 24 low
*COMMENTARY* Attempting clearance of Y109.51-Y109.61 resistance, which has
recently proved troublesome. This a a projection target from the Apr 2 low at
Y105.66 and the swing of the more recent Y109.20-Y108.54 pullback. These
currently preventing a higher Y109.79-Y110.27 rise. Support from Y109.10-Y108.97
keeps the near term outlook bullish but any lower would caution and put
Y108.79-Y108.54 under pressure and hint at the chance of a deeper correction.

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