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Y109.21 Protects Against Deeper....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.21 Protects Against Deeper Fall At Present
*RES 4: Y111.05 Aug 4 high
*RES 3: Y110.60/65 Congestion area Aug 4-Aug 8
*RES 2: Y110.18 Intraday high
*RES 1: Y109.84/95 Aug 3 low, hourly resistance
*PRICE: Y109.38 @1553GMT
*SUP 1: Y109.21 1.618 swing Y109.91-Y111.05, 1% vol band
*SUP 2: Y108.82 Jun 14 low
*SUP 3: Y108.32 Equality fall from Y112.20 to Y114.50-Y110.62
*SUP 4: Y108.13 Apr 17 low
*COMMENTARY* Getting a test into the congested support area located between
Y109.63 at the top end and Y109.21 at the base. The latter holding so far and as
such protecting against a deeper fall toward the Jun 14 low at Y108.82 and then
the swing target at Y108.32. These have to be negotiated, before the year's
previous Y108.13 low comes back into view. Meanwhile, 109.84-Y109.95 is initial
resistance, ahead of the day's Y110.18 high.

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