Y106.26-Y106.46 The Immediate......>

DOLLAR-YEN TECHS: Y106.26-Y106.46 The Immediate Problem To The Recovery

*RES 4: Y107.20 Mar 1 high

*RES 3: Y106.74/80 76.4% Y107.20-Y105.25, 2018 res line

*RES 2: Y106.46/55 61.8% Y107.20-Y105.25, initial low Mar 1

*RES 1: Y106.22/26 76.4% Y106.46-Y105.46, hourly high Mar 6

*PRICE: Y106.09 @0955GMT

*SUP 1: Y105.60/70 Hourly support

*SUP 2: Y105.34/46 1% vol band, Mar 6 low

*SUP 3: Y105.25 Mar 2 low

*SUP 4: Y104.50 1.618 swing of Y105.25-Y106.46

*COMMENTARY* The recovery seemingly ran out of steam at Y106.46 on Tuesday and

has lost ground since. The congested Y105.50 area came under assault yesterday,

leaving the lower 1% volatility band, at Y105.34 today and last Friday's Y105.25

low vulnerable below. As a result, resistance falls but likely requires a move

back above Y106.26 and then Y106.46 for any real respite. Lose Y105.25 and not

much currently evident until Y104.50-Y104.28.