Fall Still Being Held By 50%.......>

DOLLAR-YEN TECHS: Fall Still Being Held By 50% Fibo Level

*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: Y111.69 Nov 24 high

*PRICE: Y111.25 @1011GMT

*SUP 1: Y111.03/07 50% Fibo of Y107.32-Y114.74, Nov 23 low

*SUP 2: Y110.69 Sep 13 high, 1.618 swing of Y111.07-Y111.69

*SUP 3: Y110.15 61.8% Fibo of Y107.32-Y114.74

*SUP 4: Y109.92 2% volatility band

*COMMENTARY* Last week 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

Y111.69-Y111.89 area to provide resistance but needing back above

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

support from Y110.69, ahead of the next Fibo retrace at Y110.15.