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Y109.48-Y109.77 Still Provides.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.48-Y109.77 Still Provides Decent Resistance
*RES 4: Y110.49 Jan 19 low, now resistance
*RES 3: Y110.19 Jan 17 low, now resistance
*RES 2: Y109.77 Jan 26 high
*RES 1: Y109.42/48 Hourly highs Jan 25-26
*PRICE: Y109.34 @1710GMT
*SUP 1: Y108.60/70 Hourly support
*SUP 2: Y108.22/27 Sep 11, Aug 29 lows
*SUP 3: Y107.72 1.618 swing of Y108.50-Y109.77
*SUP 4: Y107.32/49 Sep 8 low, 2% volatility band
*COMMENTARY* Pushed lower last Friday, breaking below Y108.50 support, a low of
Y108.28 so far, before recovering, aided by some heavily oversold hourly
conditions. Now looking at Y109.42-Y109.48 for initial resistance but probably
need a rally through Y109.77 before any real upside belief will follow.
Y108.70-Y108.60 support but there is still decent support from Y108.27-Y108.22
and this currently protects against a further Y107.72-Y107.32 fall. 

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