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Recovery Continues,................>

DOLLAR-YEN TECHS: Recovery Continues, Y112.72-Y112.79 Next Upside Barrier
*RES 4: Y113.82 76.4% Fibo of Y114.74-Y110.84
*RES 3: Y113.25/33 61.8% of Y114.74-Y110.84, Nov 16 high
*RES 2: Y113.01 1% volatility band
*RES 1: Y112.72/79 Nov 20 high, 50% Fibo of Y114.74-Y110.84
*PRICE: Y112.45 @1029GMT
*SUP 1: Y111.95/10 Hourly support
*SUP 2: Y111.69/73 Nov 24 high, Nov 30 low
*SUP 3: Y111.48 Hourly high Nov 28, now support
*SUP 4: Y111.20/25 Hourly congestion area Nov 28
*COMMENTARY* The recovery has continued, moving through Y112.22-Y112.35
resistance in the process. This now sees Y112.72-Y112.79 as the next potential
target area, as we proceed to correct the Y114.74-Y110.84 fall seen during the
course of last month. As a result, support also rises, Y112.10-Y111.95
initially, with Y111.69 currently of more importance below. Above Y112.79 and
the upper 1% volatility band bars the way to Y113.25-Y113.33.

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