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Y110.00-Y110.33 Provides Next......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y110.00-Y110.33 Provides Next Potential Upside Barrier
*RES 4: Y110.48/57 Feb 2 high, broken 5 month support line
*RES 3: Y110.33 1% volatility band
*RES 2: Y110.00 76.4% Fibo of Y110.48-Y108.46
*RES 1: Y109.79 Intraday high 
*PRICE: Y109.65 @1025GMT
*SUP 1: Y109.12 Intraday low
*SUP 2: Y108.80/92 Hourly support, Feb 7 low
*SUP 3: Y108.46 Feb 6 low
*SUP 4: Y108.15/28 1% volatility band, Jan 26 low
*COMMENTARY* Recovery came to a full stop at Y110.48 last week, just below the
Jan 19 low at Y110.49 and also the base of the previously broken 5 month support
line, at Y110.57. The subsequent fall has found support from Y108.46, this the
protection to the more important lower Y108.28-Y108.15 region. In the interim,
Y110.00 is now the near term bar to a renewed upside push and Y109.12-Y108.80
provides support against a Y108.46 return.

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