Fall Held By 50% Fibo After........>

DOLLAR-YEN TECHS: Fall Held By 50% Fibo After Y111.89-Y111.65 Gives Way

*RES 4: Y112.30/35 Hourly congestion area Nov 21-22

*RES 3: Y112.17 Nov 21 low, now resistance

*RES 2: Y111.89 Nov 17 low, now resistance

*RES 1: Y111.65/70 Hourly resistance

*PRICE: Y111.20 @1615GMT

*SUP 1: Y111.03 50% Fibo of Y107.32-Y114.74

*SUP 2: Y110.69 Sep 13 high, now support

*SUP 3: Y110.35 2% volatility band

*SUP 4: Y110.15 61.8% Fibo of Y107.32-Y114.74

*COMMENTARY* Wednesday saw the decline continue, leaving Y111.89-Y111.65 support

in it's wake. So far, the fall has been arrested, just above the next support of

note, the 50% Fibo retrace level at Y111.03. While contained here, look to that

Y111.65-Y111.89 area to now provide resistance but needing back above

Y112.17-Y112.35 to make a difference. Meanwhile, loss of Y111.03 sees minor

support ahead of Y110.35-Y110.15.