Continues Correction Of Recent.......>

EURO-YEN TECHS: Continues Correction Of Recent Y134.50-Y131.46 Fall

*RES 4: Y134.39 1% volatility band

*RES 3: Y133.78 76.4% Fibo of Y134.50-Y131.46

*RES 2: Y133.34 61.8% Fibo of Y134.50-Y131.46

*RES 1: Y132.96/98 Oct 27 high, 50% Fibo of Y134.50-Y131.46

*PRICE: Y132.68 @1015GMT

*SUP 1: Y132.25/30 Hourly support

*SUP 2: Y131.93 Initial recovery high Oct 30, now support

*SUP 3: Y131.75 Oct 27 low

*SUP 4: Y131.41/46 Aug 2 high, Oct 30 low

*COMMENTARY* Still in the process of correcting some of the Y134.50-Y131.46 fall

seen over the last week. The latest rise through Y132.59 now opens the way for a

look at Y132.96-Y132.98 next. This a combination of a previous high from Oct 27

and a 50% Fibo retrace level. In the meantime, support also rises,

Y132.30-Y132.25 initially and this currently protects against a more sizeable

pullback of this week's gains from Y131.46.