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Y109.60-Y109.83 Break Needed To....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.60-Y109.83 Break Needed To Revive Upside Interest
*RES 4: Y110.93/95 38.2% of Y114.50-Y108.73, Aug 16 high
*RES 3: Y110.38 Aug 17 high
*RES 2: Y109.83 Aug 23 high
*RES 1: Y109.55/60 Hourly resistance
*PRICE: Y109.35 @0834GMT
*SUP 1: Y108.85 Aug 23 low
*SUP 2: Y108.45/60 1% volatility band, Aug 18 low
*SUP 3: Y108.13 Apr 17 low
*SUP 4: Y107.36 1.618 swing Y108.73-Y110.95, 2% vol band
*COMMENTARY* A fall to a 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. So
far this has reached Y109.83, without as yet challenging tougher resistance
between Y110.38-Y110.95. Initial support Y108.85 but lose Y108.60-Y108.45 and
outlook changes, with the year's Y108.13 low then under threat.

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