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Dec 5 High At Y112.87 The..........>

DOLLAR-YEN TECHS: Dec 5 High At Y112.87 The Barrier To This Recovery
*RES 4: Y113.82 76.4% Fibo of Y114.74-Y110.84
*RES 3: Y113.25/33 61.8% Y114.74-Y110.84, Nov 16 high, 1% vol
*RES 2: Y113.09 Dec 4 high
*RES 1: Y112.80/87 Intraday high, Dec 5 high
*PRICE: Y112.71 @1700GMT
*SUP 1: Y112.20/30 Hourly support
*SUP 2: Y111.99 Dec 6 low
*SUP 3: Y111.73/81 Nov 30 low, hourly base Dec 1
*SUP 4: Y111.38/40 Nov 29, Dec 1 lows
*COMMENTARY* The hold at Y111.99 on Wednesday, kept the more important
Y111.81-Y111.73 support safe for the time being. The subsequent recovery has now
to deal with Y112.87 resistance, if this latest rally is to be more than just
corrective of the fall seen from Monday's Y113.09 peak. Support in the meantime
comes from the earlier Y112.30-Y112.20 area, a loss would caution now and
suggest the recovery was in trouble.

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