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Challenges Previous High,..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Challenges Previous High, Y110.91-Y110.95 Above
*RES 4: Y111.76 61.8% Fibo of Y114.50-Y107.32
*RES 3: Y111.62 2% volatility band
*RES 2: Y110.91/95 50% Fibo of Y114.50-Y107.32, Aug 16 high
*RES 1: Y110.67/69 Aug 31, intraday highs
*PRICE: Y110.63 @1550GMT
*SUP 1: Y110.15 Hourly support
*SUP 2: Y109.90 Intraday low
*SUP 3: Y109.24 Hourly base Sep 11
*SUP 4: Y108.62 Initial recovery high Sep 11, now support  
*COMMENTARY* The power of the 'Doji' candle close last Friday has now seen a
rally through the upper 1% volatility band, at Y110.52 by time today, and
slightly above the previous high of note, the Aug 31 peak at Y110.67. A
sustained break higher will meet resistance from between Y110.91-Y110.95 next.
Above and look to Y111.62-Y111.76. In the interim, support rises to Y110.15 but
the day's Y109.90 low provides a stronger marker. Loss would disappoint now.

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