Falls After Spurning Opportunity.....>

EURO-YEN TECHS: Falls After Spurning Opportunity Of A Y134.41 Break

*RES 4: Y134.41/50 61.8 of Y149.80-Y109.51, Oct 25 high

*RES 3: Y134.10/15 Series hourly lows Oct 25-26

*RES 2: Y133.90/95 Hourly congestion Oct 24-25

*RES 1: Y133.45/55 Hourly resistance

*PRICE: Y133.06 @1620GMT

*SUP 1: Y132.90/95 Hourly support

*SUP 2: Y132.74 61.8% Fibo of Y131.66-Y134.50

*SUP 3: Y132.33/47 76.4% of Y131.66-Y134.50, Oct 19 low

*SUP 4: Y131.86 1% volatility band

*COMMENTARY* Unable to sustain a move above the Y134.41 Fibo level and

subsequently paying the price for spurning this opportunity. The slip back below

Y133.75 was the first warning sign, then compounded by the loss of

Y133.35-Y133.10. This sees Y132.74-Y132.33 as the next region of support and

protection against a further Y131.86-Y131.66 fall. Meanwhile, Y134.45-55

provides initial resistance, Y133.90-Y134.15 of more consequence higher.