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Y111.99-Y111.95 Support Again......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y111.99-Y111.95 Support Again Holds Off Pressure
*RES 4: Y113.75/82 Dec 12 high, 76.4% of Y114.74-Y110.84
*RES 3: Y113.37 Dec 12 low, now resistance
*RES 2: Y113.09/13 Hourly congestion Dec 13
*RES 1: Y112.84/89 Dec 18, Dec 14 highs
*PRICE: Y112.59 @0842GMT
*SUP 1: Y112.20/25 Hourly support
*SUP 2: Y111.95/99 61.8% Fibo of Y110.84-Y113.75, Dec 6 low
*SUP 3: Y111.79/85 1% volatility band, 4 month support line
*SUP 4: Y111.53 76.4% Fibo of Y110.84-Y113.75
*COMMENTARY* Unable to make an impression on the 76.4% Fibo retrace level at
Y113.82 last week. Tuesday's rally pulling up shy at Y113.75. The subsequent
fall and break below Y113.13-Y113.09, began a correction, which with the further
loss of Y112.46-Y112.38, once again put the spotlight on Y111.99-Y111.95
support. This currently protecting against a further Y111.85-Y111.53 fall. In
the interim, resistance from Y112.89-Y113.37 bars the way to a recovery.

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