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Y110.22 Break Allows A higher......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y110.22 Break Allows A higher Y110.45-Y110.76 Rise
*RES 4: Y111.30/40 1% volatility band, May 21 high
*RES 3: Y110.91 Jun 15 high
*RES 2: Y110.76 Jun 21 high
*RES 1: Y110.45 Jun 20 high
*PRICE: Y110.37 @1544GMT
*SUP 1: Y109.90/00 Hourly support
*SUP 2: Y109.69 Intraday low
*SUP 3: Y109.37 Jun 25, Jun 26 lows
*SUP 4: Y109.18/20 61.8% of Y108.11-Y110.91, Jun 8 low
*COMMENTARY* Unable to improve on the Y110.91 high seen on Jun 15 and has
gradually been paying the price since. Monday's break below Y109.80-Y109.55 has
found support from Y109.37, this protecting against a further Y109.20-Y109.04
fall, the latter the lower 1% vol band, as gains from the May 29 low at Y108.11
unwind. Meanwhile, yesterday's Y110.22 high has been breached, allowing a higher
Y110.45-Y110.76 rise. 

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