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Y109.79-Y110.27 Potential After....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.79-Y110.27 Potential After Clearance Y109.61 Resistance
*RES 4: Y110.48 Feb 2 high
*RES 3: Y110.27 61.8% Fibo of Y113.75-Y104.63
*RES 2: Y109.89 1% volatility band 
*RES 1: Y109.79 Feb 8 high
*PRICE: Y109.64 @1729GMT
*SUP 1: Y109.10/15 Hourly support
*SUP 2: Y108.97 Apr 27 low
*SUP 3: Y108.79 Apr 25 low
*SUP 4: Y108.54 Apr 24 low
*COMMENTARY* Has finally cleared Y109.51-Y109.61 resistance, which has recently
proved troublesome. This a a projection target from the Apr 2 low at Y105.66 and
the swing of the more recent Y109.20-Y108.54 pullback. These currently
preventing a higher Y109.79-Y110.27 rise. Support from Y109.10-Y108.97 keeps the
near term outlook bullish but any lower would caution and put Y108.79-Y108.54
under pressure and hint at the chance of a deeper correction.

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