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Y107.84-Y107.91 Next Target Area...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y107.84-Y107.91 Next Target Area After Y107.30 Break
*RES 4: Y108.28 Jan 26 low, now resistance
*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: Y107.50 Apr 5 high, 1% volatility band
*PRICE: Y107.42 @0830GMT
*SUP 1: Y106.69/75 Hourly high Apr 4, hourly support
*SUP 2: Y106.35 Hourly high/low Apr 3-4
*SUP 3: Y105.99 Apr 4 low
*SUP 4: Y105.66 Apr 2 low
*COMMENTARY* Has broken through the pivotal Y106.69 resistance and yesterday
also the Y107.22-Y107.30 area. Is however once again facing near term overbought
conditions, ahead of a further rise to the next Y107.84-Y107.91 target zone. As
a result, nearest support moves up to Y106.75-Y106.69, although it would
currently take a loss of the lower Y106.35 to impair recent upside momentum.
Directly through Y107.91 and Y108.04-Y108.11 is anticipated next.

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