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Confusion Reigns As Conflicting......>

EURO-YEN TECHS
EURO-YEN TECHS: Confusion Reigns As Conflicting Signals Appear
*RES 4: Y132.35/47 1% vol band, 38.2% of Y137.51-Y129.35
*RES 3: Y132.19 Feb 27 high
*RES 2: Y132.02 Mar 6 high
*RES 1: Y131.84 Mar 7 high
*PRICE: Y131.34 @1000GMT
*SUP 1: Y130.92/95 Hourly support
*SUP 2: Y130.53/60 Mar 2 high, Mar 6 low
*SUP 3: Y130.27 Initial rally high Mar 5, now support
*SUP 4: Y129.95/00 Congestion area Feb 28-Mar 5
*COMMENTARY* Monday's bullish 'outside day' resulted in a Y132.02 rise, before
meeting resistance from some overbought conditions. The subsequent lower close
has now seen the appearance of a potentially bearish 'Doji' candle at Tuesday's
close. Now looking to support from Y130.93 and then the Y130.60-Y130.53 area for
next clues. Have to hold above the latter or risk returns lower. Meanwhile,
Y131.84 provides resistance ahead of Y132.02 again.

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