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Y106.62-Y106.35 Support Holds......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y106.62-Y106.35 Support Holds And Kindles Fresh Rise
*RES 4: Y108.04/11 Equality rise from Y105.66, 38.2% Fibo
*RES 3: Y107.91 Feb 21 high
*RES 2: Y107.80/84 1% vol band, 1.618 swing Y107.01-Y105.66
*RES 1: Y107.40/50 Apr 10, Apr 5 highs
*PRICE: Y107.27 @1704GMT
*SUP 1: Y106.85/95 Hourly support
*SUP 2: Y106.62/65 Apr 9, Apr 10, Apr 11 lows
*SUP 3: Y106.35 Hourly high/low Apr 3-4
*SUP 4: Y105.99 Apr 4 low
*COMMENTARY* After faltering at Y107.50 last week, the recovery has paused for
breath, the subsequent pullback finding support from above Y106.62. This and the
slightly lower Y106.35 level offer protection against a deeper pullback of
gains, initially from Y105.66 and potentially from the year's Y104.63 low. The
subsequent move back above Y107.20-Y107.29 renews upward enthusiasm, Y107.40-50
now the bar to fresh Y107.80-Y108.11 highs.

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