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Y109.77-Y109.88 The Next...........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.77-Y109.88 The Next Resistance Barrier To Cross
*RES 4: Y110.49 Jan 19 low, now resistance
*RES 3: Y110.19/26 Jan 17 low, 61.8% Fibo of Y111.48-Y108.28
*RES 2: Y109.88 50% Fibo of Y111.48-Y108.28
*RES 1: Y109.77 Jan 26 high
*PRICE: Y109.61 @0945GMT
*SUP 1: Y109.00/10 Hourly support
*SUP 2: Y108.60/62 Jan 31, Jan 29 lows
*SUP 3: Y108.22/27 Sep 11, Aug 29 lows
*SUP 4: Y107.72 1.618 swing of Y108.50-Y109.77
*COMMENTARY* Pushed lower last Friday, breaking below Y108.50 support, a low of
Y108.28, before recovering, aided by some heavily oversold hourly conditions.
Have today moved above Y109.42-Y109.48 resistance but probably need a rally
through Y109.77-Y109.88, before any real upside belief in a better correction
will follow. Y109.00-Y108.60 now protects still decent support from
Y108.27-Y108.22. This safeguards against a further Y107.72-Y107.32 fall. 

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