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Corrects Lower After 1% Volatility...>

EURO-YEN TECHS
EURO-YEN TECHS: Corrects Lower After 1% Volatility Band Caps Gains
*RES 4: Y136.99 October 2015 high
*RES 3: Y136.64/67 Jan 5 high, 1% volatility band
*RES 2: Y136.32/36 Intraday high, hourly high Jan 
*RES 1: Y135.90/98 Hourly resistance, Jan 5 low
*PRICE: Y135.38 @1733GMT
*SUP 1: Y135.13/16 Intraday low, Initial recovery high Jan 3
*SUP 2: Y134.80/88 Jan 3 low, Dec 21 high
*SUP 3: Y134.38 Dec 1 high, now support
*SUP 4: Y133.91/94 Dec 22 low, 1% volatility band
*COMMENTARY* Once again the rise has respected the upper 1% volatility band, at
Y136.67 by time today. Will currently need to sustain a break above here, before
any further upside acceleration can follow. Meanwhile, the subsequent loss of
Y136.00 opens potential for some correction of gains, initially from last
Wednesday's Y134.80 low. In this respect, the Y135.64-Y135.15 area comes back
into play. Topside has resistance from Y135.90-98, ahead of Y132.32-36.

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