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Pace Of Rally Once Again...........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Pace Of Rally Once Again Hampered By Upper 1% Volatility Band
*RES 4: Y114.21 2% volatility band
*RES 3: Y113.82/91 76.4% of Y114.74-Y110.84, Nov 14 high
*RES 2: Y113.25/33 61.8% of Y114.74-Y110.84, Nov 16 high
*RES 1: Y113.09 1% volatility band, intraday high
*PRICE: Y112.75 @1640GMT
*SUP 1: Y112.30/40 Hourly support
*SUP 2: Y111.81 Hourly base Dec 1
*SUP 3: Y111.38/40 Nov 29, Dec 1 lows
*SUP 4: Y110.84 Nov 27 low
*COMMENTARY* A high of Y112.88 seen earlier on Friday, before collapsing
spectacularly and correcting almost by 76.4% the recovery from last Monday's
Y110.84 low. Then became oversold on the day and the subsequent recovery through
Y112.55 once again switched focus to the topside. The upper 1% volatility band
at Y113.09 is currently hampering progress to the next band of targets between
Y113.25-Y113.91. Support now Y112.40-Y112.30 with Y111.81 below.

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