Key Y111.45 Support The Clue To....>

DOLLAR-YEN TECHS: Key Y111.45 Support The Clue To Direction Today

*RES 4: Y113.00 50% Fibo of Y118.67-Y107.32

*RES 3: Y112.72/81 Sep 21 high, 76.4% Fibo of Y114.50-Y107.32

*RES 2: Y112.33 Sep 25 recovery highs

*RES 1: Y112.05/15 Hourly resistance

*PRICE: Y111.60 @0700GMT

*SUP 1: Y111.45/50 Hourly congestion area Sep 20

*SUP 2: Y111.04/11 Sep 14 high, Sep 20 low 

*SUP 3: Y110.66/67 38.2% Fibo Y107.32-Y112.72, Aug 31 high

*SUP 4: Y110.43 1% volatility band

*COMMENTARY* Last week saw a move through the Y112.20-Y112.42 barrier, toward

the 76.4% Fibo retrace level at Y112.81. This the first of congested resistance

from between here and Y113.00. This an area that also includes the year's

falling resistance line at Y112.83 and a longer term 50% Fibo retracement. Will

need to clear here, before fresh upside impetus will follow. In the meantime,

support from above Y111.45, loss of the latter would caution now.