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Y110.95-Y111.05 Break Sees.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y110.95-Y111.05 Break Sees Y111.76 As Next Potential Target
*RES 4: Y112.42 Jul 20 high
*RES 3: Y112.20 Jul 26 high
*RES 2: Y111.76 2% vol band, 61.8% Fibo of Y114.50-Y107.32
*RES 1: Y111.29 Jul 28 high
*PRICE: Y111.25 @0940GMT
*SUP 1: Y110.50/60 Hourly support
*SUP 2: Y110.25/30 Hourly lows/highs Sep 14-15
*SUP 3: Y109.90 Hourly base Sep 14
*SUP 4: Y109.55 Sep 14 low
*COMMENTARY* The power of the 'Doji' candle close last Friday continues with a
move today through the Y110.95-Y11.05 resistance area. Now some minor resistance
is seen around Y111.29 ahead of what currently looks a stronger barrier around
Y111.76, where the 2% volatility band joins the 61.8% Fibo retrace level. In the
meantime, support from between Y110.60-Y110.50 and then more importantly from
between Y109.90-Y109.55.

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