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Focus Back Higher After Break........>

EURO-YEN TECHS
EURO-YEN TECHS: Focus Back Higher After Break Above Y132.74-85 Resistance
*RES 4: Y136.42/47 Swing Y134.50-Y131.40, 16 month res line
*RES 3: Y134.50 Oct 25 high
*RES 2: Y134.23 1.618 swing of Y133.15-Y131.40
*RES 1: Y133.77/81 76.4% of Y134.50-Y131.40, 1% vol band
*PRICE: Y133.23 @1110GMT
*SUP 1: Y132.75/85 Hourly support
*SUP 2: Y132.57/60 Intraday low, Nov 10 high
*SUP 3: Y132.27 Nov 9 high, now support
*SUP 4: Y131.93 Nov 13 low
*COMMENTARY* Today's rally through Y132.74-Y132.85 resistance, confirms the near
term bias for higher and an assault on the Nov 2 high at Y133.15 and potentially
higher. Through the latter and the Y133.77-Y133.81 area is then the barrier to a
Y134.23-Y134.50 return. Meanwhile, support also on the rise, Y132.85-Y132.75,
ahead of the day's Y132.57 low. Back below the latter would disappoint now.

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