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1% Volatility Band In Way Of.........>

EURO-YEN TECHS
EURO-YEN TECHS: 1% Volatility Band In Way Of Renewed Y134.50 Challenge
*RES 4: Y135.39 2% volatility band
*RES 3: Y134.50 Oct 25 high
*RES 2: Y134.38 Dec 1 high
*RES 1: Y134.05/07 Hourly resistance, 1% volatility band
*PRICE: Y133.77 @1045GMT
*SUP 1: Y133.20/35 Hourly support
*SUP 2: Y132.92 Dec 1 low
*SUP 3: Y132.65 Nov 30 low
*SUP 4: Y132.39 Initial rally high Nov 29, now support
*COMMENTARY* Broke above the most recent range top at Y133.89 on Friday and then
made a beeline straight towards the Oct 25 high and major range top at 134.50. A
high of Y134.38, before submitting to some heavily overbought hourly conditions
and a Y132.92 setback. Will need to regain levels back above Y134.07, the upper
1% volatility band, before once again being in a position to challenge Y134.50.
Support meanwhile rises to Y133.35-Y133.20.

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