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Slipping Lower, Y111.95-Y111.73....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Slipping Lower, Y111.95-Y111.73 Support
*RES 4: Y113.25/33 61.8% of Y114.74-Y110.84, Nov 16 high
*RES 3: Y113.09/15 Dec 4 high, 1% volatility band
*RES 2: Y112.87 Dec 5 high
*RES 1: Y112.55/65 Hourly resistance
*PRICE: Y112.15 @0930GMT
*SUP 1: Y111.95 Hourly support
*SUP 2: Y111.73/81 Nov 30 low, hourly base Dec 1
*SUP 3: Y111.38/40 Nov 29, Dec 1 lows
*SUP 4: Y110.84 Nov 27 low
*COMMENTARY* Continues to slip after finding a cap at Y113.09 on Monday, in line
with a test to the upper 1% volatility band. Some initial support seen from
Y111.95 but the slightly lower Y111.81-Y111.73 area is currently considered of
more importance to near term direction. While above, look to Y112.55-Y112.65 for
resistance, Tuesday's Y112.87 high then the bar to fresh upside potential. Below
Y111.73 and Y111.40-Y111.38 comes back into consideration.

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