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Y107.22-Y107.30 Resistance After...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y107.22-Y107.30 Resistance After Break Above Y106.69
*RES 4: Y108.28 Jan 26 low, 2% volatility band  
*RES 3: Y108.04/11 Equality rise from Y105.66, 38.2% Fibo
*RES 2: Y107.84/91 1.618 swing Y107.01-Y105.66, Feb 21 high
*RES 1: Y107.22/30 1% volatility band, Mar 13 high
*PRICE: Y107.09 @0847GMT
*SUP 1: Y106.67/69 Hourly support
*SUP 2: Y106.27 Initial recovery high Apr 4, now support
*SUP 3: Y105.99 Apr 4 low
*SUP 4: Y105.66 Apr 2 low
*COMMENTARY* Has broken through the pivotal Y106.69 resistance and now eyes the
Y107.22-Y107.30 area next. Is however facing near term overbought conditions on
the approach and a loss of Y106.67 support would open up some deeper correction,
initially of the gains seen since yesterday's Y105.99 low, with Y106.27 likely
to feature along the way. Only back below that Y105.99 low would currently spoil
upward momentum. Above Y107.30 and next targets range between Y107.84-Y108.04.

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