Rally Pegged Back By Near Term.....>

DOLLAR-YEN TECHS: Rally Pegged Back By Near Term Equality Rise Target

*RES 4: Y114.33 61.8% Fibo of Y118.67-Y107.32

*RES 3: Y113.80 1.618 swing of Y113.26-Y112.37

*RES 2: Y113.50/58 1.618 swing Y112.72-Y111.47, Jul 14 high

*RES 1: Y113.27 Equality rise from Y109.55 to Y107.32-Y111.04

*PRICE: Y112.76 @0807GMT

*SUP 1: Y112.55 Hourly support

*SUP 2: Y112.27/37 Sep 27 low, 50% Fibo of Y111.47-Y113.26

*SUP 3: Y111.89 76.4% Fibo of Y111.47-Y113.26

*SUP 4: Y111.47 Sep 25 low

*COMMENTARY* The key Y111.45 support held earlier this week and prefaced another

rise. This has broken above the year's Y112.83 falling resistance line and the

50% Fibo retrace level at Y113.00 but has so far been capped by the equality

rise target at Y113.27. As a result, support has also risen, Y112.55-Y112.27 the

initial area now and protection against a deeper correction of those gains from

Y111.47. Directly above Y113.27 and have Y113.50-Y113.80 to negotiate next.