Focus Once Again On Range Top As.....>

EURO-YEN TECHS: Focus Once Again On Range Top As Recovery Continues

*RES 4: Y135.82/92 1.618 swing Y134.38-Y132.05, 2% vol band

*RES 3: Y134.50/59 Oct 25 high, 1% volatility band

*RES 2: Y134.38 Dec 1 high

*RES 1: Y134.11 Intraday high

*PRICE: Y134.08 @1027GMT

*SUP 1: Y133.60/65 Hourly support

*SUP 2: Y133.25/30 Minor hourly congestion Dec 19

*SUP 3: Y133.01 Dec 18 high, now support

*SUP 4: Y132.55 Hourly base Dec 18

*COMMENTARY* Racing up the range after the hold at 132.05 last week, yesterday

prompted a rise through Y133.35 resistance and now today above Y133.76-Y133.89.

The latter seen as the potential bar to a return towards the top of the range

between Y134.38-Y134.59. A move above the latter is however required, before the

topside is fully back in control and targeting Y135.82-Y135.92. Meanwhile,

support rises to Y133.65-Y133.60, loss would open corrective opportunities.