Finds Support From Above The Key.....>

EURO-YEN TECHS: Finds Support From Above The Key Y128.95-Y128.75 Area

*RES 4: Y130.88 May 4 high

*RES 3: Y130.64 Hourly recovery high May 4

*RES 2: Y130.31 Hourly high May 7

*RES 1: Y130.00/10 Hourly resistance

*PRICE: Y129.70 @1639GMT

*SUP 1: Y129.23 Intraday low

*SUP 2: Y128.95 Mar 22 low

*SUP 3: Y128.75/85 2% vol band, 2 year bull channel base 

*SUP 4: Y128.33 Aug 22 low

*COMMENTARY* Pushed lower again today, the 2 month median line at Y129.79 giving

way early doors. A low of Y129.23 just below the swing target at Y129.44. This

now becomes the protection to the Mar 22 base at Y128.95 and the 2 year bull

channel base projection at Y128.85. As a consequence, nearest resistance falls

to Y130.00-Y130.31, above would encourage although most will be looking to the

higher Y130.64 level for the key to any lasting recovery.