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Correcting Recent Gains After 1%...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Correcting Recent Gains After 1% Volatility Band Caps Rise
*RES 4: Y114.73 2% volatility band
*RES 3: Y114.66 1.618 swing of Y113.51-Y111.65
*RES 2: Y114.33 61.8% Fibo of Y118.67-Y107.32
*RES 1: Y113.51/61 Oct 6 high, 1% volatility band
*PRICE: Y113.20 @1215GMT
*SUP 1: Y112.75/85 Hourly support
*SUP 2: Y112.55 Hourly congestion area Oct 19
*SUP 3: Y112.29 Oct 19 low
*SUP 4: Y112.04 Oct 17 low
*COMMENTARY* Rallies continue to be frustrated by the upper 1% volatility band
and need to push through here, at Y113.61 by time today, before the way will
clear for a run at the next upside obstacle, the 61.8% Fibo retrace level at
Y114.33. In the meantime, the Y112.85-Y112.75 area provides immediate support
and the protection against a deeper Y112.55 pullback, as we correct recent gains
from Thursday's Y112.29 low.

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