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

EURO-YEN TECHS
EURO-YEN TECHS: Decline Challenges Now Key Y129.90-Y129.85 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: Y130.64/75 Recovery high May 4, hourly resistance
*PRICE: Y130.24 @0801GMT
*SUP 1: Y129.85/90 Hourly support, May 4 low
*SUP 2: Y129.44 1.618 swing of Y129.90-Y130.64
*SUP 3: Y129.12 2% volatility band
*SUP 4: Y128.95 Mar 22 low
*COMMENTARY* Key support from Y129.99 came under assault on Friday but has so
far been unable to sustain a clear break lower. A low of Y129.90 before
recovering some ground, aided by some near term oversold conditions. Nearest
resistance comes from between Y130.64-Y130.75, above will help but no real
momentum will be generated while below the May 2 low at Y131.24. Below
Y129.90-Y129.85 has Y129.44 protecting Y129.12-Y128.95. 

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