A Continued Fall Has.................>

EURO-YEN TECHS: A Continued Fall Has Y127.56-Y127.12 Potential

*RES 4: Y129.54 2 year bull channel base, now resistance

*RES 3: Y129.23 May 8 low, now resistance

*RES 2: Y128.88/06 May 24 high, recovery high May 23

*RES 1: Y128.60 Hourly resistance

*PRICE: Y128.42 @0855GMT

*SUP 1: Y127.72 May 24 low

*SUP 2: Y127.34/56 2% volatility band, Aug 18 low

*SUP 3: Y127.12 Equality fall from Y131.38 to Y133.49-Y129.23

*SUP 4: Y126.18 50% Fibo of Y114.85-Y137.51

*COMMENTARY* Unable to move through Y131.36-Y131.38 resistance on Tuesday and

has subsequently paid the price. The resultant fall has lost support from the 2

year bull channel base at Y129.54 and then the key Y129.23-Y128.85 area. A low

of Y127.72 so far, as we head into near term oversold territory. In this regard,

look to Y128.60 for initial resistance, Y128.88-Y129.06 above. Below Y127.72 and

next targets are set between Y127.56 and Y127.12.