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Y110.47-Y110.67 The Next...........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y110.47-Y110.67 The Next Potential Bar To This Recovery
*RES 4: Y110.95/05 Aug 16, Aug 4 highs
*RES 3: Y110.67 Aug 31 high
*RES 2: Y110.47 1% volatility band
*RES 1: Y110.29 Sep 12 high
*PRICE: Y110.09 @0916GMT
*SUP 1: Y109.50/60 Hourly support
*SUP 2: Y109.24 Hourly base Sep 11
*SUP 3: Y108.62 Initial recovery high Sep 11, now support
*SUP 4: Y108.32 Hourly pullback low Sep 11  
*COMMENTARY* The power of the 'Doji' candle close last Friday has now seen a
rally to Y110.29, just shy of the upper 1% volatility band, at Y110.47 by time
today, and the previous high of note, the Aug 31 peak at Y110.67. Currently
correcting some near term overbought conditions, Y109.60-Y109.50 the immediate
support, ahead of the more important Y109.24 level. Loss here would caution now
and suggest a deeper pullback of gains from Y107.32 is required. 

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