Correcting Lower After 61.8% Fibo....>

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

*RES 4: Y134.41 61.8% Fibo of Y149.80-Y109.51, Sep 22 high

*RES 3: Y133.85 Hourly congestion area Sep 22-25

*RES 2: Y133.50/53 Sep 22 low, hourly base Sep 22

*RES 1: Y132.85/05 Hourly resistance

*PRICE: Y132.20 @0707GMT

*SUP 1: Y131.89 50% Fibo of Y129.37-Y134.41

*SUP 2: Y131.51/55 76.4% of Y130.62-Y134.41, 1% vol band

*SUP 3: Y131.30 61.8% Fibo of Y129.37-Y134.41

*SUP 4: Y130.56/62 76.4% of Y129.37-Y134.41, Sep 14 low

*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. In the interim, we

have seen a fall below Y133.26, beneath which opens the prospect of a deeper

Y131.89-Y131.51 decline, as we correct the most recent gains from the Sep 14 low

at Y130.62. Meanwhile, nearest resistance falls to Y132.85-Y133.05. Back above

the latter currently needed for respite.