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Y111.79-Y111.84 Break Would........>

DOLLAR-YEN TECHS: Y111.79-Y111.84 Break Would Assist With Recovery Hopes
*RES 4: Y113.75/82 Dec 12 high, 76.4% of Y114.74-Y110.84
*RES 3: Y113.64 Dec 21 high
*RES 2: Y113.38 Dec 27 high
*RES 1: Y113.00/12 Hourly high Dec 28, Dec 26 low
*PRICE: Y112.79 @1625GMT
*SUP 1: Y112.25/35 Hourly support
*SUP 2: Y111.95/03 61.8% Fibo of Y110.84-Y113.75, Dec 15 low
*SUP 3: Y111.75 1% volatility band
*SUP 4: Y111.53 76.4% Fibo of Y110.84-Y113.75
*COMMENTARY* Having held above Y112.03 support on Tuesday, the subsequent
recovery is now trying to clear resistance from the week's earlier Y112.79 highs
and the Dec 25 low at Y112.84. A move back through here is required to breathe
new life into the topside and a higher Y113.00-Y113.38 rise, where next
questions are then asked. Support from Y112.35-Y112.25 protects against another
Y112.03 test, beneath which would open up a Y111.95-Y111.53 fall.

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