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Fibo Retrace At Y132.88 The..........>

EURO-YEN TECHS
EURO-YEN TECHS: Fibo Retrace At Y132.88 The Immediate Bar To Further Gains
*RES 4: Y134.50/75 Oct 25 high, 1% volatility band
*RES 3: Y134.38 Dec 1 high
*RES 2: Y134.05 Dec 4 high
*RES 1: Y133.88/89 76.4% of Y134.38-Y132.26, Dec 11 high
*PRICE: Y133.23 @1020GMT
*SUP 1: Y133.01/04 Dec 12, intraday lows
*SUP 2: Y132.71 Hourly base Dec 7
*SUP 3: Y132.55 Hourly congestion area Dec 6
*SUP 4: Y132.26 Dec 6 low
*COMMENTARY* Found support at Y132.26 last Wednesday, then subsequently moving
back up the Y134.50-Y131.17 range, that has been in existence for the last 3
months. The 76.4% Fibo retrace level at Y133.88 is the next potential barrier to
gains, Y134.05-Y134.38 higher. In the interim, support now comes from
Y133.04-Y133.01, loss would trigger a deeper correction of that rise from
Y132.26, with Y132.71-Y132.55 below.

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