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Previous Y112.03 Low Holds The.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Previous Y112.03 Low Holds The Fall So Far
*RES 4: Y113.38 Dec 27 high
*RES 3: Y113.12 Dec 26 low, now resistance
*RES 2: Y112.79 Jan 2 high
*RES 1: Y112.50/60 Hourly resistance
*PRICE: Y112.37 @1630GMT
*SUP 1: Y112.03/06 Dec 15, Jan 2 lows
*SUP 2: Y111.80/95 1% vol band, 61.8% Fibo of Y110.84-Y113.75
*SUP 3: Y111.53 76.4% Fibo of Y110.84-Y113.75
*SUP 4: Y111.40 Dec 1 low
*COMMENTARY* Has been susceptible to a pullback ever since the rally faltered at
Y113.64 on Dec 21, ahead of stronger resistance situated between
Y113.75-Y113.82. Yesterday's fall broke back below key near term support from
between Y112.41-Y112.31. This now cautions and exposes the downside further,
Y112.03-Y111.95 then the protection against a Y111.53 fall. In the meantime,
Y112.50-Y112.60 provides immediate resistance, Y112.79 higher.

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