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Decline Challenges Key...............>

EURO-YEN TECHS
EURO-YEN TECHS: Decline Challenges Key Y130.02-Y129.99 Support Area
*RES 4: Y132.12 May 2high
*RES 3: Y131.67 May 3 high
*RES 2: Y131.14/24 Hourly recovery high May 3, May 2 low
*RES 1: Y130.75/85 Hourly resistance
*PRICE: Y130.35 @1702GMT
*SUP 1: Y129.90/99 Intraday, Apr 2 lows
*SUP 2: Y129.73 1.618 swing of Y130.27-Y131.14
*SUP 3: Y129.36 2% volatility band
*SUP 4: Y128.95 Mar 22 low
*COMMENTARY* Key support from between Y130.02-Y129.99 has come under assault
today but has so far been unable to sustain the break. A low of Y129.90 before
immediately recovering some ground on the back of near term oversold conditions.
Nearest resistance of note comes from between Y130.75-Y130.85, above will help
but no real momentum will be generated while below the May 2 low at Y131.24.
Clear loss of Y129.90 has Y129.73 protecting the lower 2% volatility band. 

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