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Y108.82 Support Comes Under........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y108.82 Support Comes Under Pressure
*RES 4: Y110.60/65 Congestion area Aug 4-Aug 8 
*RES 3: Y110.18 Aug 10 high
*RES 2: Y109.84 Aug 3 low, now resistance
*RES 1: Y109.56 Aug 9 low, hourly resistance
*PRICE: Y109.05 @1518GMT
*SUP 1: Y108.73/82 Intraday low, Jun 14 low
*SUP 2: Y108.32 Equality fall from Y112.20 to Y114.50-Y110.62
*SUP 3: Y108.05/13 5 week bear channel proj'n, Apr 17 low
*SUP 4: Y107.92 2% volatility band
*COMMENTARY* Has worked its way through congested support from between
Y109.63-Y109.21 and has commenced an assault on the Jun 14 low at Y108.82. Can
be helped in the near term by some oversold hourly conditions but will need to
find a way back through Y109.56-Y109.84, before any confidence in a recovery
will appear and a challenge to Thursday's Y110.18 high. Maintained break of
Y108.82 and the equality fall Y108.32 then protects the year's Y108.13 low.

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