Decline Threatening Lower 1%.........>

EURO-YEN TECHS: Decline Threatening Lower 1% Volatility Band

*RES 4: Y136.69 Initial low Feb 5, now resistance

*RES 3: Y135.85 Feb 6 high

*RES 2: Y135.37 Congestion area Feb 6-7

*RES 1: Y134.80 Intraday high

*PRICE: Y134.24 @1040GMT

*SUP 1: Y133.82/90 Feb 7 low, 1% volatility band

*SUP 2: Y133.59 61.8% Fibo of Y131.17-Y137.51

*SUP 3: Y133.05 5 month bull channel base, Jan 10 low

*SUP 4: Y132.67/76 76.4% of Y131.17-Y137.51, 2% vol band

*COMMENTARY* Downside pressure resumes, the lower 1% volatility band coming

under pressure on Wednesday. This, at Y133.90 by time today and the Y133.82 low,

now provide the protection against a further Y133.59-Y133.05 fall. The latter a

notable low from Jan 10 and the current level of the 5 month bull channel base

projection. resistance in the meantime, is from the day's Y134.80 high but

likely needing a move back above Y135.37 for impact.