Focus Once Again On..................>

EURO-YEN TECHS: Focus Once Again On Y133.76-Y133.89 As Recovery Continues

*RES 4: Y135.76/82 2% vol band, 1.618 swing Y134.38-Y132.05

*RES 3: Y134.43/50 1% volatility band, Oct 25 high

*RES 2: Y134.38/43 Dec 1 high

*RES 1: Y133.76/89 Dec 14, Dec 11 highs

*PRICE: Y133.63 @1745GMT

*SUP 1: Y133.10/20 Hourly support

*SUP 2: Y132.70/80 Congestion area Dec 15-19

*SUP 3: Y132.55 Hourly base Dec 18

*SUP 4: Y132.05 Dec 15 low

*COMMENTARY* Racing up the range after the hold at 132.05 last week has today

prompted a rise through Y133.13-Y133.35 resistance. This now once again sees

Y133.76-Y133.89 as the potential bar to a return towards the top of the range

between Y134.38-Y134.50. A move above the latter is however required, before the

topside is fully back in control and targeting Y135.76-Y135.82. Meanwhile,

support rises to Y133.20-Y133.10, with Y132.70-Y132.55 more important below.