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Y111.04 Swing Target Now...........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y111.04 Swing Target Now Protects Y110.84 November Low
*RES 4: Y112.37 Jan 9 low, now resistance
*RES 3: Y112.03/06 Dec 15, Jan 2 lows, now resistance
*RES 2: Y111.88 Jan 11 high
*RES 1: Y111.45/65 Hourly resistance
*PRICE: Y111.06 @0956GMT
*SUP 1: Y111.00/04 Intraday low, 1.618 swing Y112.03-Y113.64
*SUP 2: Y110.84 Nov 27 low
*SUP 3: Y110.15 61.8% Fibo of Y107.32-Y114.74
*SUP 4: Y110.09 2% volatility band
*COMMENTARY* A further downside push saw dual support from the Y111.53 area give
way on Wednesday. As previously suggested, then any lower and have to allow an
overshoot to two recent swing targets between Y111.24 and Y111.04 respectively.
These present the last protection to the Nov 27 low at Y110.84. Meanwhile,
Y111.45-Y111.65 now provides immediate resistance but eyes are probably on the
higher Y111.88 region before any chance of a real recovery.

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