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Y112.38-Y112.25 Now The............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y112.38-Y112.25 Now The Immediate Protection To The Downside
*RES 4: Y113.91 Nov 14 high
*RES 3: Y113.58 Hourly recovery high Nov 14 
*RES 2: Y113.33 Nov 16 high
*RES 1: Y112.95/15 Hourly resistance
*PRICE: Y112.54 @0540GMT
*SUP 1: Y112.38 76.4% Fibo of Y111.65-Y114.74
*SUP 2: Y112.25 1% volatility band
*SUP 3: Y111.91 38.2% Fibo of Y107.32-Y114.74
*SUP 4: Y111.65 Oct 16 low
*COMMENTARY* Y112.38-Y112.25 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 Y113.33-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, a loss of
Y112.38 allows a deeper Y111.91-Y111.65 fall.

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