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Break Above Y132.06 Allows Chance....>

EURO-YEN TECHS
EURO-YEN TECHS: Break Above Y132.06 Allows Chance For Some Respite
*RES 4: Y133.06 Feb 21 high
*RES 3: Y132.78 Hourly recovery high Feb 21
*RES 2: Y132.55 76.4% Fibo of Y133.06-Y130.94
*RES 1: Y132.25 Hourly resistance
*PRICE: Y132.02 @0928GMT
*SUP 1: Y131.60/70 Hourly support
*SUP 2: Y131.24 Hourly congestion area Feb 23-26
*SUP 3: Y130.83/94 1% vol band, Feb 23 low
*SUP 4: Y130.51 1.618 swing of Y131.61-Y133.39
*COMMENTARY* Sank again on Friday, moving below the key Y131.17-Y131.04 support
area. Below then look toward the lower 1% volatility band at Y130.83 today, as
the last protection against a deeper Y130.51-Y130.26 fall. Meanwhile, the break
above Y132.06 allows a breather, some congested resistance now from between
Y132.25-Y132.78, the stumbling block to a recovery and retest to Y133.06. Near
term support now from Y131.60-Y131.24.

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