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

EURO-YEN TECHS: Finds Support From Above The Key Y128.95-Y128.85 Area

*RES 4: Y131.36 50% Fibo of Y133.49-Y129.23

*RES 3: Y130.86/88 38.2% of Y133.49-Y129.23, May 4 high

*RES 2: Y130.64 Hourly recovery high May 4

*RES 1: Y130.31 Hourly high May 7, 76.4% of Y130.64-Y129.23

*PRICE: Y130.15 @0917GMT

*SUP 1: Y129.50/60 Hourly support

*SUP 2: Y129.23 May 8 low

*SUP 3: Y128.95 Mar 22 low

*SUP 4: Y128.85 2 year bull channel base 

*COMMENTARY* A low of Y129.23 on Tuesday, just below the swing target at Y129.44

and protecting against a return to the Mar 22 base at Y128.95 and the 2 year

bull channel base projection at Y128.85. Oversold in the near term as a

consequence, the subsequent rally now nearing Y130.31 resistance. Above would

encourage although most will be looking to the higher Y130.64-Y130.88 area for

the key to any lasting recovery. Support now Y129.60-Y129.50.