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Continued Failure Below Y133.39......>

EURO-YEN TECHS
EURO-YEN TECHS: Continued Failure Below Y133.39 Would Concern
*RES 4: Y134.56 50% Fibo of Y137.51-Y131.61
*RES 3: Y134.13 Jan 30 low, now resistance
*RES 2: Y133.80/86 Feb 12 high, 38.2% of Y137.51-Y131.61
*RES 1: Y133.39 Feb 14 high
*PRICE: Y132.87 @0950GMT
*SUP 1: Y132.50 Hourly support
*SUP 2: Y131.99 Feb 9 low
*SUP 3: Y131.61 Feb 14 low
*SUP 4: Y131.37 2% volatility band
*COMMENTARY* The lower 2% volatility band came under renewed pressure yesterday.
A low of Y131.61, before the weight of some heavily oversold hourly conditions
came to the near term rescue. The subsequent lift, now has Wednesday's Y133.39
high in the way of an even better recovery. Meanwhile, nearest support of note
now seen from Y132.50, loss would caution and suggest a fresh bout of weakness
underway, Y131.99 then the protection against a Y131.61-Y131.37 fall.

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