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Sharp Fall Finds Support Above.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Sharp Fall Finds Support Above Y111.32 Fibo Level
*RES 4: Y112.88/94 Intraday high, 1% volatility band
*RES 3: Y112.60 Intraday hourly lows 
*RES 2: Y112.28/32 Intraday hourly bases, now resistance
*RES 1: Y111.95/15 Hourly resistance
*PRICE: Y111.98 @1703GMT
*SUP 1: Y111.32/40 76.4% of Y110.84-Y112.88, intraday low
*SUP 2: Y111.20/25 Hourly congestion area Nov 28
*SUP 3: Y110.84 Nov 27 low
*SUP 4: Y110.70 1% volatility band
*COMMENTARY* Squeezed slightly above the Y112.72-Y112.79 resistance area today,
a high of Y112.88 seen, before collapsing spectacularly and correcting almost by
76.4% the recovery seen since Monday's Y110.84 low. Has become oversold on the
day as a result, so looking to Y111.95-Y112.15 for initial resistance,
Y112.28-Y112.32 above. Interestingly daily studies still remain supportive for
the time being.

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