Still Held By 1% Volatility Band...>

DOLLAR-YEN TECHS: Still Held By 1% Volatility Band And Y112.38 Fibo Support

*RES 4: Y114.07 Nov 9 high

*RES 3: Y113.91 Nov 14 high

*RES 2: Y113.58 Hourly high Nov 14

*RES 1: Y113.35/40 Hourly resistance

*PRICE: Y113.03 @2135GMT

*SUP 1: Y112.65/70 Hourly support

*SUP 2: Y112.47 Nov 15 low

*SUP 3: Y112.38 76.4% Fibo of Y111.65-Y114.74, 1% vol band 

*SUP 4: Y111.91 38.2% Fibo of Y107.32-Y114.74

*COMMENTARY* Y112.38 still holding, a 76.4% Fibo retrace level, as well as the

lower 1% volatility band. That said, rallies are also finding it difficult to

make any headway through Y113.35-Y113.58 resistance. A move back above the

latter is required before the near term bear bias will be reversed and allow for

a renewed challenge to the week's Y113.91 high. Meanwhile, Y112.70-Y112.47

protects Y112.38, beneath which Y111.91 then gets a test.