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Below Y111.35 To Signal False......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Below Y111.35 To Signal False Break Higher
*RES 4: Y112.72 21-DMA 
*RES 3: Y112.69 55-DMA 
*RES 2: Y111.87 Low Nov 20 now resistance 
*RES 1: Y112.18 Hourly resistance Nov 22, Bear channel top
*PRICE: Y111.98 @ 0220GMT
*SUP 1: Y111.67 200-DMA 
*SUP 2: Y111.35 Low Nov 29 
*SUP 3: Y110.84 Hourly support Nov 24 
*SUP 4: Y110.30 Daily Bear channel base
*COMMENTARY: Pressure returning to the 200-DMA has resulted in a close above
adding support to the bullish case for a correction back to 55 & 21-DMAs.
Correcting O/S studies add to the correction risk. Bulls initially look for a
close above Y112.18 today. Initial support is now noted at the 200-DMA but bears
need a close below Y111.35 Wednesday lows to signal a false break and reconfirm
initial focus on Y110.30-84 where the bear channel base is situated.

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