Downside Back Under Pressure As....>

DOLLAR-YEN TECHS: Downside Back Under Pressure As 50% Fibo Retrace Caps

*RES 4: Y114.34/35 Nov 7 high, 76.4% Fibo Y114.74-Y113.09 

*RES 3: Y114.07/10 Nov 9 high, 61.8% Fibo Y114.74-Y113.09

*RES 2: Y113.91 50% Fibo Y114.74-Y113.09, Nov 14 high

*RES 1: Y113.60/70 Hourly resistance

*PRICE: Y113.45 @2135GMT

*SUP 1: Y113.22/24 Nov 10, Nov 13 lows

*SUP 2: Y113.09 Nov 9 low

*SUP 3: Y112.83/96 61.8% of Y111.65-Y114.74, Oct 31 low

*SUP 4: Y112.38 76.4% Fibo of Y111.65-Y114.74

*COMMENTARY* Still finding support from within the recent range, the

Y113.22-Y113.09 area now protecting the key Y112.96-Y112.83 support levels. The

upside failed to move any higher than the 50% Fibo retrace level at Y113.91 on

Tuesday, before giving up some ground again. Will need to see a break above

here, if there is to be any near term respite and allow some greater correction

of losses sustained since the month's earlier Y114.74 high.