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Breaks Y114.45-Y114.50.............>

DOLLAR-YEN TECHS: Breaks Y114.45-Y114.50 Resistance But Beats A Hasty Retreat
*RES 4: Y115.37 1.618 swing of Y114.45-Y112.96
*RES 3: Y115.00 1% volatility band
*RES 2: Y114.74 Nov 6 high
*RES 1: Y114.45/50 Hourly resistance
*PRICE: Y114.06 @1640GMT
*SUP 1: Y113.85 Hourly support
*SUP 2: Y113.54/63 Nov 2, Nov 3 lows
*SUP 3: Y113.34 Oct 26 low
*SUP 4: Y112.96 Oct 31 low
*COMMENTARY* Made the most of support found from Y112.96. last Tuesday. The
subsequent recovery spent the latter part of the week challenging the
Y114.45-Y114.50 area. Saw a break here yesterday but this has been less than
successful, retreating quickly from Y114.74. Meanwhile, Y113.85 now provides
initial support, Y113.63-Y113.34 below. Only loss of the latter will concern
however. Above Y114.74 and the 1% volatility band bars way to Y115.37-Y115.51. 

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