Still Sideways *RES 4: 110.50......>

DOLLAR-YEN TECHS: Still Sideways

*RES 4: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low

*RES 3: 109.93 High May 30

*RES 2: 109.73 High Dec 2 and key resistance

*RES 1: 109.00 High Dec 5

*PRICE: 108.60 @ 05:55 GMT Dec 12

*SUP 1: 108.43 Low Dec 4 and Low Dec 9

*SUP 2: 108.24 Low Nov 14 and key support

*SUP 3: 107.89 Low Nov 1

*SUP 4: 107.72 38.2% retracement of the Aug 26 - Dec 2 high

USDJPY is consolidating. The pair remains vulnerable though following the sharp

rejection off the Dec 2 high of 109.73 high. The pullback cleared 108.64 and

price continues to pressure the 50-dma. The next key support is 108.24, Nov 14

low. A break would threaten a deeper sell-off towards 107.89, Nov 1 low. To

resume the uptrend and a bullish focus, price needs to retest and clear 109.73.

This would open 109.93, May 30 high and 110.50, a Fibonacci projection.