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2% Volatility Band Joins Friday's....>

EURO-YEN TECHS
EURO-YEN TECHS: 2% Volatility Band Joins Friday's Low As Key Support
*RES 4: Y134.17 Feb 9 high
*RES 3: Y133.80 Feb 12 high
*RES 2: Y133.50 Hourly congestion area Feb 12
*RES 1: Y133.05/15 Hourly resistance
*PRICE: Y132.72 @0912GMT
*SUP 1: Y132.35/40 Hourly support
*SUP 2: Y131.99 Feb 9 low, 2% volatility band
*SUP 3: Y131.17 Nov 17 low
*SUP 4: Y130.87 1.618 swing of Y131.99-Y133.80
*COMMENTARY* Some downside exuberance saw the lower 2% volatility band slightly
exceeded on Friday, but this was quickly rectified by the subsequent
Y131.99-Y133.80 bounce. As a result, earlier support now exists from between
Y132.40-Y132.35, ahead of the band, which by time today, has now joined that
Y131.99 low. This remains the protection to the Nov 17 low at Y131.17.
Meanwhile, Y133.05-15 and then Y133.50 provide resistance to a Y133.80 return.

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