Decline Holds At Top Of The........>

DOLLAR-YEN TECHS: Decline Holds At Top Of The Y111.91-Y111.65 Support Zone

*RES 4: Y113.69 Nov 6 low, now resistance

*RES 3: Y113.33 Nov 16 high

*RES 2: Y112.95/00 Hourly congestion Nov 15-16

*RES 1: Y112.74 Nov 16 low, now resistance

*PRICE: Y112.47 @1651GMT

*SUP 1: Y112.10/20 Hourly support

*SUP 2: Y111.89/91 Nov 20 low, 38.2% Fibo of Y107.32-Y114.74

*SUP 3: Y111.65 Oct 16 low

*SUP 4: Y111.03 50% Fibo of Y107.32-Y114.74

*COMMENTARY* Monday saw a fall to Y111.89, just inside the next key area of

support from between Y111.91-Y111.65. The latter an outstanding low from the

middle of last month. In the meantime, some oversold hourly conditions are being

repaired, Y112.74 now the immediate barrier to a higher Y112.95-Y113.00

recovery. Likely need back above the latter, before the current near term bear

bias is reduced and allow a higher Y113.33-Y114.07 rise.