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Y110.99-Y111.10 Still The Near.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y110.99-Y111.10 Still The Near Term Bar To Greater Recovery
*RES 4: Y111.66/72 38.2% of Y114.50-Y109.91, Jul 27 high
*RES 3: Y111.29 Jul 28 high
*RES 2: Y111.05/10 Hourly congestion Jul 27-28
*RES 1: Y110.99 23.6% Fibo of Y114.50-Y109.91
*PRICE: Y110.66 @0835GMT
*SUP 1: Y110.15/30 Hourly support
*SUP 2: Y109.80/91 1% volatility band, Aug 1 low
*SUP 3: Y109.63 76.4% Y108.13-Y114.50, swing Y110.62-Y112.20
*SUP 4: Y109.41 4 month rising support line
*COMMENTARY* Support found from Y109.91 on Tuesday, slightly below the lower 1%
volatility band at the time but so far keeping us from a test to what looks
stronger support from Y109.63. The subsequent rise having moved back above
Y110.78 now sees initial resistance from between Y110.99-Y111.10. Will need to
clear the latter before thoughts can turn to Y111.29-Y111.72. Immediate support
now spied between Y110.30-Y110.15.

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