Consolidation Range Still Prevails...>

EURO-YEN TECHS: Consolidation Range Still Prevails

*RES 4: Y131.52 1.618 swing of Y130.51-Y128.87

*RES 3: Y131.09 1% volatility band

*RES 2: Y130.62/77 Jul 26, Jul 11 highs 

*RES 1: Y130.41 Jul 28 high

*PRICE: Y129.86 @0930GMT

*SUP 1: Y129.55 Jul 27 low

*SUP 2: Y129.25 Jul 25 low

*SUP 3: Y128.87 Jul 24 low 

*SUP 4: Y128.49/58 Jul 13, Jul 19 lows 

*COMMENTARY* Has settled into a range over the last 3 weeks below the Jul 11

high at Y130.77. The upside will only benefit on a clear break here, with the

upper 1% volatility band then the bar to a greater Y131.52-Y132.18 rise. The

latter the swing target of the Y130.77-Y128.49 fall seen earlier this month. In

the interim, a succession of recent lows currently protect the base of the range

at that Y128.49 level. Loss here would disappoint now.