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Fibo Retrace Level At Y113.82......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Fibo Retrace Level At Y113.82 Still Out Of Reach
*RES 4: Y114.74 Nov 6 high
*RES 3: Y114.24/34 Equality rise from Y111.99, Nov 7 high
*RES 2: Y114.00 1% volatility band
*RES 1: Y113.82 76.4% Fibo of Y114.74-Y110.84
*PRICE: Y113.46 @1035GMT
*SUP 1: Y113.24 Dec 11 low
*SUP 2: Y113.09/13 Dec 4 high, Dec 8 low
*SUP 3: Y112.80 Hourly high Dec 7, now support
*SUP 4: Y112.57 Hourly base Dec 7
*COMMENTARY* Unable as yet to make an impression on the 76.4% Fibo retrace level
at Y113.82. Monday's rally pulling up shy at Y113.69. This also keeps us below
the upper 1% volatility band, which has risen by time today to Y114.00. This
Y113.82-Y114.00 region is the area to break, if the recovery is to continue and
challenge Y114.24-Y114.34 next. Meanwhile, support from between Y113.24-Y113.09
is the protection against a correction from the Dec 6 low at Y111.99.

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