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Y110.06-Y110.27 Potential After....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y110.06-Y110.27 Potential After Clearance Y109.61 Resistance
*RES 4: Y110.84 Nov 27 low, now resistance
*RES 3: Y110.48 Feb 2 high
*RES 2: Y110.27 61.8% Fibo of Y113.75-Y104.63
*RES 1: Y110.06 1% volatility band 
*PRICE: Y109.82 @0845GMT
*SUP 1: Y109.45/50 Hourly support
*SUP 2: Y109.18 Initial recovery high Apr 27, now support
*SUP 3: Y108.97 Apr 27 low
*SUP 4: Y108.54 Apr 24 low
*COMMENTARY* Finally cleared troublesome Y109.51-Y109.61 resistance on Tuesday,
which now leaves us on course for a look at the upper 1% volatility band at
Y110.06 and potentially the 61.8% Fibo retrace level at Y110.27. Am aware that
the rally from the Mar 23 low at Y104.63 is beginning to look mature and a cap
below the Nov 27 low at Y110.84 is possible. Meanwhile, support from
Y109.50-Y109.18 but the Apr 27 low at Y108.97 remains key to upside momentum.

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