Finds Support Above Y131.41,.........>

EURO-YEN TECHS: Finds Support Above Y131.41, Correction Ensues

*RES 4: Y133.46 Hourly highs Oct 26

*RES 3: Y132.96 Oct 27 high

*RES 2: Y132.59 Initial low Oct 27, now resistance

*RES 1: Y132.42 Intraday high

*PRICE: Y132.37 @1624GMT

*SUP 1: Y131.70/78 Hourly support, 1% volatility band

*SUP 2: Y131.41/46 Aug 2 high, Oct 30 low

*SUP 3: Y131.03/09 50% of Y127.56-Y134.50, Sep 7 high

*SUP 4: Y130.45 2% volatility band

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

paying the price for spurning this opportunity. The fall has been compounded

again by the loss of Y132.47-Y132.33 and has subsequently dipped into the next

area of support from above the Aug 2 high at Y131.41. Meanwhile, Y132.29

resistance has been breached and can allow some further upside corrective

opportunity. Support now from Y131.78-Y131.70, loss would caution again.