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Falters Again Below Key............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Falters Again Below Key Y113.75-Y113.82 Resistance
*RES 4: Y114.81 1.618 swing of Y113.75-Y112.03
*RES 3: Y114.74 Nov 6 high
*RES 2: Y114.22 1% volatility band
*RES 1: Y113.75/82 Dec 12 high, 76.4% of Y114.74-Y110.84
*PRICE: Y113.49 @1010GMT
*SUP 1: Y113.15/20 Hourly support
*SUP 2: Y112.84 Dec 15 high, now support
*SUP 3: Y112.65 Congestion area Dec 15-19
*SUP 4: Y112.31 Dec 18 low
*COMMENTARY* Sprang through Y113.37 resistance on Wednesday but once again
enthusiasm waned ahead of key Y113.75-Y113.82 area. Will remain at risk of some
correction of recent gains from Y112.31-Y112.03, all the while rallies are
capped here. In this respect, support moves up to Y113.20-Y113.15 but the more
important level remains at Y112.84. Have to hold above here to retain recent
upside momentum. Successful break above Y113.82 has Y114.22-Y114.81 potential.

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