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DOLLAR-YEN TECHS: Continues To Fall, Targets Y110.69 Next
*RES 4: Y112.30/35 Hourly congestion area Nov 21-22
*RES 3: Y111.89 Nov 17 low, now resistance
*RES 2: Y111.69 Nov 24 high
*RES 1: Y111.25/35 Hourly resistance
*PRICE: Y110.93 @1645GMT
*SUP 1: Y110.69 Sep 13 high, 1.618 swing of Y111.07-Y111.69
*SUP 2: Y110.15 61.8% Fibo of Y107.32-Y114.74
*SUP 3: Y109.88 2% volatility band
*SUP 4: Y109.55 Sep 14 low
*COMMENTARY* Last week saw the decline continue, leaving Y111.89-Y111.65 support
in it's wake. Today, the fall has broken below the next support of note, the 50%
Fibo retrace level at Y111.03. The loss here, now sees dual support from Y110.69
as the next potential target area, ahead of the 61.8%Fibo retrace at Y110.15. As
a result, resistance falls to Y111.25-Y111.35, the Y111.69-Y111.89 region
currently a tougher proposition higher.