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Rally Still Has Y113.77-Y113.82....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rally Still Has Y113.77-Y113.82 Resistance Ahead
*RES 4: Y114.93 2% volatility band
*RES 3: Y114.74 Nov 6 high
*RES 2: Y114.24/34 Equality rise from Y111.99, Nov 7 high
*RES 1: Y113.77/82 1% vol band, 76.4% Fibo of Y114.74-Y110.84
*PRICE: Y113.54 @0640GMT
*SUP 1: Y113.09/13 Dec 4 high, Dec 8 low
*SUP 2: Y112.80 Hourly high Dec 7, now support
*SUP 3: Y112.57 Hourly base Dec 7
*SUP 4: Y112.38 Initial recovery high Dec 6, now support
*COMMENTARY* The move through Y112.87 and then Monday's Y113.09 high, has
generated fresh upside interest. This now centres on Y113.77-Y113.82. A
combination of the upper 1% volatility band and the 76.4% retrace level of the
preceding Y114.74-Y110.84 fall. While capped here, look to Y113.13-Y113.09 for
initial support and clues, as loss will open up corrective potential of the rise
from Y111.99. Above Y113.82 and Y114.24-Y114.34 next.

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