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Y108.90-Y109.00 Now Provides.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y108.90-Y109.00 Now Provides Intraday Support
*RES 4: Y110.93/95 38.2% of Y114.50-Y108.73, Aug 16 high
*RES 3: Y110.38 Aug 17 high
*RES 2: Y110.05 Hourly recovery high Aug 17
*RES 1: Y109.83 Intraday high
*PRICE: Y109.14 @1610GMT
*SUP 1: Y108.90/00 Hourly support
*SUP 2: Y108.48/60 1% volatility band, Aug 18 low
*SUP 3: Y108.13 Apr 17 low
*SUP 4: Y107.36/38 1.618 swing Y108.73-Y110.95, 2% vol band
*COMMENTARY* A fall to Y108.60 low last Friday but the subsequent recovery
formed a 'Doji' candle close on the daily chart. This survived another assault
on Monday, before seeing another bounce and the chance for a better recovery.
This having breached Y109.67, now has the Y110.05-Y110.38 area of more
consequence higher. Initial support Y109.00-Y108.90 but lose Y108.60-Y108.48 and
outlook changes, with the year's Y108.13 low then under threat.

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