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Y111.60-Y111.68 Likely To..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y111.60-Y111.68 Likely To Provide Next Test To This Rise
*RES 4: Y112.31 2% volatility band
*RES 3: Y112.03/06 Dec 15, Jan 2 lows, now resistance
*RES 2: Y111.68 2 month bull channel top projection
*RES 1: Y111.60 76.4% Fibo of Y113.75-Y104.63
*PRICE: Y111.32 @0853GMT
*SUP 1: Y110.80/90 Hourly support
*SUP 2: Y110.61 May 18 low
*SUP 3: Y110.35 Hourly highs/lows May 16-17
*SUP 4: Y110.04 May 2 high, May 16 low
*COMMENTARY* Has continued to benefit from finding support earlier in the month,
from the 2 month bull channel base, at Y109.83 by time today. Having straddled
the upper 1% volatility band at Y111.21 today, the next upside targets range
between the Jan 18 high at Y111.48 and the channel top at Y111.68. Sandwiched in
between lies the 76.4% Fibo retrace level at Y111.60. Support comes from above
Y110.90-Y110.80 and then Friday's Y110.61 low. 

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