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Y109.84 The Immediate Problem......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.84 The Immediate Problem For Continued Recovery
*RES 4: Y110.83 Aug 8 high
*RES 3: Y110.45/50 Congestion area Aug 8-Aug 9 
*RES 2: Y110.18 Aug 10 high
*RES 1: Y109.84 Aug 3 low, now resistance
*PRICE: Y109.70 @0932GMT
*SUP 1: Y109.00/10 1% volatility band, hourly support
*SUP 2: Y108.73/82 Aug 11, Jun 14 lows
*SUP 3: Y108.32 Equality fall from Y112.20 to Y114.50-Y110.62
*SUP 4: Y108.13 Apr 17 low
*COMMENTARY* Worked its way through congested support from between
Y109.63-Y109.21 last week and commenced an assault on the Jun 14 low at Y108.82,
a low of Y108.73 before seeing a bounce on the back of some oversold hourly
conditions, Will need to find a way back through Y109.84 however, before any
confidence in a recovery will appear and a challenge to last Thursday's Y110.18
high. Meanwhile near term support rises to Y109.00-10.

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