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Rally Falters Ahead Of Y112.20.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rally Falters Ahead Of Y112.20 Resistance
*RES 4: Y112.81 76.4% Fibo of Y114.50-Y107.32
*RES 3: Y112.42 Jul 20 high, 2% volatility band
*RES 2: Y112.20 Jul 26 high
*RES 1: Y111.88 Sep 19 high
*PRICE: Y111.33 @0919GMT
*SUP 1: Y111.10/20 Hourly highs Sep 15, hourly support
*SUP 2: Y110.90 Hourly congestion area Sep 15
*SUP 3: Y110.62 Hourly base Sep 15
*SUP 4: Y110.10/15 Hourly highs/lows Sep 14-15 
*COMMENTARY* The 'Doji' candle close on Sep 8 continues to power the recovery,
Tuesday pushing slightly through the next upside barrier, the 61.8% Fibo retrace
level at Y111.76. A sustained break here and the Jul 26 high at Y112.20 can
inhibit further Y112.42-Y112.81 gains. Only the second backward step in the last
two weeks today but support continues to rise, the Y111.20-Y110.90 area now the
protection to the next key level at Y110.62 level. Loss here would caution now.

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