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Fall Held By 1% Volatility Band....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Fall Held By 1% Volatility Band Above Y112.38 Fibo Support
*RES 4: Y114.07 Nov 9 high
*RES 3: Y113.91 Nov 14 high
*RES 2: Y113.58 Hourly high Nov 14
*RES 1: Y113.20 Hourly resistance
*PRICE: Y112.84 @2145GMT
*SUP 1: Y112.47 Nov 15 low, 1% volatility band
*SUP 2: Y112.38 76.4% Fibo of Y111.65-Y114.74
*SUP 3: Y111.91 38.2% Fibo of Y107.32-Y114.74
*SUP 4: Y111.65 Oct 16 low
*COMMENTARY* The upside failed to move any higher than the 50% Fibo retrace
level at Y113.91 on Tuesday, before giving up ground again. Wednesday's fall
then broke below both the previous Y113.22-Y113.09 and Y112.96-Y112.83 support
areas, thereby leaving the downside vulnerable. This sees the potential for a
deeper Y112.47-Y112.38 fall next. In the interim, Y113.20 provides initial
resistance, Y113.58 above, to any near term recovery.

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