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Y108.50 Protects Downside From.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y108.50 Protects Downside From Another Challenge
*RES 4: Y110.49/59 Jan 19 low, hourly highs Jan 23
*RES 3: Y110.19 Jan 17 low, now resistance
*RES 2: Y109.77/81 Intraday high, hourly base Jan 24
*RES 1: Y109.50/55 Hourly resistance
*PRICE: Y108.63 @1610GMT
*SUP 1: Y108.50 Jan 25 low
*SUP 2: Y108.22/27 Sep 11, Aug 29 lows
*SUP 3: Y107.72 1.618 swing of Y108.50-Y109.77
*SUP 4: Y107.44 1.618x Y114.74-Y110.84 from Y113.75
*COMMENTARY* Broke slightly below Y108.60 support, a low of Y108.50 before
recovering swiftly, aided by some heavily oversold hourly conditions. Below
Y108.50 and not much tp protect the downside from another fall to still
important Y108.27-Y108.22. Resistance Y109.50-Y109.55 but above Y109.81 is
required to add more impetus to any rise and a better correction of recent
losses from Y111.23-Y111.48.

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