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Finally Get The Challenge To.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Finally Get The Challenge To Fibo Resistance At Y114.33
*RES 4: Y115.51/58 Mar 10 high, 2% volatility band
*RES 3: Y114.81 1.618 swing of Y114.25-Y113.34
*RES 2: Y114.66 1.618 swing of Y113.51-Y111.65
*RES 1: Y114.33/45 61.8% Fibo of Y118.67-Y107.32, 1% vol band
*PRICE: Y114.02 @0933GMT
*SUP 1: Y113.55/65 Hourly support
*SUP 2: Y113.24/34 Oct 23, Oct 26 lows
*SUP 3: Y112.95 Hourly basing area Oct 18-19
*SUP 4: Y112.55/60 Hourly congestion area Oct 19
*COMMENTARY* Having held above Y113.24 support early on Thursday, have finally
seen a challenge to the 61.8% Fibo retrace level at Y114.33. This repelled
initially, aided by some overbought hourly conditions. Now looking for support
from Y113.65-Y113.55 to hold, if we are to regroup for another upside foray.
Above Y114.33 and there are still several resistances between Y114.45-Y114.81 to
negotiate next. Below Y113.55 will put Y113.34-Y113.24 under pressure.

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