Continued Fall Has Y130.52...........>

EURO-YEN TECHS: Continued Fall Has Y130.52 Protecting Y130.10-Y130.05

*RES 4: Y132.95 1.618 swing of Y132.02-Y130.52

*RES 3: Y132.44/50 Mar 13 high, 38.2% Y137.51-Y129.35, 1% vol

*RES 2: Y131.85/00 Hourly congestion Mar 13-14

*RES 1: Y131.30/39 Hourly resistance, intraday high

*PRICE: Y130.75 @1452GMT

*SUP 1: Y130.52 Mar 8 low

*SUP 2: Y130.05/10 Hourly congestion Mar 1-Mar 5

*SUP 3: Y129.87 1% volatility band

*SUP 4: Y129.35 Mar 5 low

*COMMENTARY* Last Monday's bullish 'outside day' resulted in a Y132.02 rise. The

subsequent lower close then saw the appearance of a potentially bearish 'Doji'

candle last Tuesday. This week's move back above Y132.02 appeared to negate this

but the subsequent cap by the 38.2% Fibo retrace level and upper 1% volatility

band between Y132.47-Y132.53 put a different complexion on things. Support from

Y130.52 now under assault but Y130.10-Y130.05 more important below.