Correcting Recent Y133.05-Y136.31....>

EURO-YEN TECHS: Correcting Recent Y133.05-Y136.31 Gains 

*RES 4: Y136.31 Jan 18 high

*RES 3: Y135.80/85 Hourly congestion Jan 26

*RES 2: Y135.41/49 Hourly base Jan 25, hourly high Jan 26

*RES 1: Y135.10 Hourly resistance

*PRICE: Y134.90 @1725GMT

*SUP 1: Y134.20/30 1% vol band, 61.8% Fibo of Y133.05-Y136.31

*SUP 2: Y133.82 76.4% Fibo of Y133.05-Y136.31

*SUP 3: Y133.69 6 month rising support line

*SUP 4: Y133.05 Jan 10 low

*COMMENTARY* Has slipped below the recent range base at Y134.92, thereby

allowing some further correction of the most recent Y133.05-Y136.31 rise. In

this respect, a deeper Y134.30-Y133.82 fall cannot be ruled out. Meanwhile,

resistance is noted from beneath Y135.10 but rallies will likely require a move

back through Y135.41-Y135.49 before near term upside focus is regained and a

move back towards Y135.80-Y135.85..