Finds Intraday Support From The......>

EURO-YEN TECHS: Finds Intraday Support From The Lower 1% Volatility Band

*RES 4: Y136.29/31 Jan 25, Jan 18 highs

*RES 3: Y135.80 76.4% Fibo of Y136.31-Y134.13

*RES 2: Y135.48/49 61.8% Y136.31-Y134.13, hourly high Jan 26

*RES 1: Y135.22 50% Fibo of Y136.31-Y134.13

*PRICE: Y134.87 @1632GMT

*SUP 1: Y134.40/50 Hourly support

*SUP 2: Y134.13 Intraday low, 1% volatility band

*SUP 3: Y133.82 76.4% Fibo of Y133.05-Y136.31

*SUP 4: Y133.80 6 month rising support line

*COMMENTARY* Has slipped below the recent range base at Y134.92, thereby

allowing some further correction of the most recent Y133.05-Y136.31 rise. In

this respect, a deeper Y134.19-Y133.80 fall cannot be ruled out. Meanwhile, the

move back above Y134.80-Y135.02 has allowed some respite but rallies will likely

require a move back through Y135.49-Y135.80 before overall upside focus is

regained. Meanwhile, interim support comes from Y134.50-Y134.40.