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Another Downside Assault But.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Another Downside Assault But Still Within Recent Range
*RES 4: Y114.91 1% volatility band
*RES 3: Y114.74 Nov 6 high
*RES 2: Y114.34 Nov 7 high
*RES 1: Y114.00/10 Hourly resistance
*PRICE: Y113.59 @1635GMT
*SUP 1: Y113.24/34 Intraday, Oct 26 lows
*SUP 2: Y112.96 Oct 31 low
*SUP 3: Y112.63 1% volatility band
*SUP 4: Y112.38 76.4% Fibo of Y111.65-Y114.74
*COMMENTARY* Continues to fall after the less than successful break above
Y114.45-50 on Monday. At the moment, the decline is still within the confines of
the recent range, with support around Y113.34 anticipated to provide some near
term relief, ahead of the key Y112.96 level. In the meantime, nearest resistance
falls to Y114.00-Y114.10 but will need to climb back above Y114.34, before the
recent bear bias will be reduced.

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