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Y113.18 Break Needed To Reignite...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y113.18 Break Needed To Reignite Upside Interest
*RES 4: Y113.75/82 Dec 12 high, 76.4% of Y114.74-Y110.84
*RES 3: Y113.64 Dec 21 high
*RES 2: Y113.38/39 Dec 27, Jan 8 highs
*RES 1: Y113.18 Intraday high
*PRICE: Y112.86 @1010GMT
*SUP 1: Y112.50 Intraday low
*SUP 2: Y112.35/40 Congestion area Jan 2-3
*SUP 3: Y111.95/03 61.8% Fibo of Y110.84-Y113.75, Dec 15 low
*SUP 4: Y111.53 76.4% Fibo of Y110.84-Y113.75
*COMMENTARY* Friday's rally was interrupted at Y113.39 in the midst of congested
resistance ahead of the 76.4% Fibo retrace at Y113.82. The subsequent fall has
reached a low of Y112.50 today, just above the more significant Y112.40-Y112.35
area. This now seen as the protection against a Y111.95-Y111.53 fall. In the
meantime, today's opening high of Y113.18 provides initial resistance to another
attempt to scale that Y113.38-Y113.82 area.

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