Rally Resumes After Hold Above.....>

DOLLAR-YEN TECHS: Rally Resumes After Hold Above Key Y111.45 Support

*RES 4: Y114.11 2% volatility band

*RES 3: Y113.50/58 1.618 swing Y112.72-Y111.47, Jul 14 high

*RES 2: Y113.27 Equality rise from Y109.55 to Y107.32-Y111.04

*RES 1: Y113.00/05 Hourly resistance

*PRICE: Y112.72 @1523GMT

*SUP 1: Y112.45/55 Hourly support

*SUP 2: Y112.27 Intraday low 

*SUP 3: Y112.00 Hourly base Sep 26

*SUP 4: Y111.80 Initial rally high Sep 25, now support

*COMMENTARY* The key Y111.45 support held over the first couple of days this

week and has prefaced another impressive rise. This has now broken above the

year's Y112.83 falling resistance line and the 50% Fibo retrace level at

Y113.00. 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 Y113.00 and still have Y113.27-Y113.58 to negotiate next.