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Y113.13-Y113.37 Resistance As......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y113.13-Y113.37 Resistance As Recovery Continues
*RES 4: Y114.18 1% volatility band
*RES 3: Y113.75/82 Dec 12 high, 76.4% of Y114.74-Y110.84
*RES 2: Y113.37 Dec 12 low, now resistance
*RES 1: Y113.13/17 Hourly congestion Dec 13, intraday high
*PRICE: Y113.18 @1002GMT
*SUP 1: Y112.60/67 Hourly support
*SUP 2: Y112.51 Dec 19 low
*SUP 3: Y112.31 Dec 18 low
*SUP 4: Y111.95/99 61.8% Fibo of Y110.84-Y113.75, Dec 6 low
*COMMENTARY* Unable to make an impression on the 76.4% Fibo retrace level at
Y113.82 last week. Tuesday's rally pulling up shy at Y113.75. The subsequent
fall and break below Y113.13-Y113.09, began a correction, which with the further
loss of Y112.46-Y112.38, once again put the spotlight on Y111.99-Y111.95
support. This has held and has seen signs of another recovery. Now looking at
Y113.13-Y113.37 as barring the way to a Y113.75-Y113.82 return.

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