Correcting Lower After 61.8% Fibo....>

EURO-YEN TECHS: Correcting Lower After 61.8% Fibo Retrace Caps Rise

*RES 4: Y135.04 Median line drawn off Apr,Jun lows, Aug highs

*RES 3: Y134.61 November 2015 high

*RES 2: Y134.41 61.8% Fibo of Y149.80-Y109.51, Sep 22 high

*RES 1: Y134.00/15 Hourly resistance

*PRICE: Y133.31 @0923GMT

*SUP 1: Y133.26/27 Sep 20, Sep 19 lows

*SUP 2: Y132.95 Hourly base Sep 18

*SUP 3: Y132.51 50% Fibo of Y130.62-Y134.41

*SUP 4: Y132.02/07 Sep 12 high, 61.8% Fibo of Y130.62-Y134.41

*COMMENTARY* The rally failed at Y134.41 last week, in line with a test to the

61.8% Fibo retrace of the long term  Y149.80-Y109.51 fall. Above here and still

confronted with resistance from between Y134.610-Y135.04, before the way becomes

clear again to make further gains. In the interim, we have seen a fall, the

Y133.26-27 area now under threat, beneath which opens the prospect of a deeper

Y132.95-Y132.07 decline.