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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Another Downside Assault But Still Within Recent Range
*RES 4: Y114.74 Nov 6 high
*RES 3: Y114.34 Nov 7 high
*RES 2: Y114.07 Nov 9 high
*RES 1: Y113.70/75 Hourly resistance
*PRICE: Y113.45 @0624GMT
*SUP 1: Y113.09 Nov 9 low
*SUP 2: Y112.96 Oct 31 low
*SUP 3: Y112.62 1% volatility band
*SUP 4: Y112.38 76.4% Fibo of Y111.65-Y114.74
*COMMENTARY* Continued to fall last week 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 found around Y113.09 on Thursday.
This currently the protection to the base of the range and key Y112.96 level. In
the meantime, nearest resistance falls to Y113.70-Y114.07 but will need to climb
back above Y114.34, before the recent bear bias will be reduced.

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