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Y110.81-Y110.91 Resistance The.....>

DOLLAR-YEN TECHS: Y110.81-Y110.91 Resistance The Bar To Higher Recovery
*RES 4: Y111.60 76.4% Fibo of Y113.75-Y104.63
*RES 3: Y111.27/40 1% volatility band, May 21 highh
*RES 2: Y110.91 Jun 15 high
*RES 1: Y110.81 1.618 swing Y110.49-Y109.97
*PRICE: Y110.78 @1511GMT
*SUP 1: Y110.20/25 Hourly support
*SUP 2: Y109.92/97 Hourly base Jun 27, Jun 28 low 
*SUP 3: Y109.69 Jun 27 low
*SUP 4: Y109.37 Jun 25, Jun 26 lows
*COMMENTARY* The fallout since the Jun 15 high at Y110.91 found a base at
Y109.37 and has been trying to improve ever since. Following this week's
recovery, still has resistance from Y110.81 and that Y110.91 to scale, before
the way becomes  clear for a higher Y111.27-Y111.86 rise. The latter the swing
target of that Y110.91-Y109.37 drop. Support meanwhile comes from
Y110.25-Y110.20 initially, loss would spark a correction of this week's gains.

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