Focus Returns To The Week's Lows.....>

EURO-YEN TECHS: Focus Returns To The Week's Lows As Y133.11 Caps 

*RES 4: Y134.13 Jan 30 low, now resistance

*RES 3: Y133.80/86 Feb 12 high, 38.2% of Y137.51-Y131.61

*RES 2: Y133.39 Feb 14 high 

*RES 1: Y132.90/11 Hourly resistance, intraday high

*PRICE: Y132.13 @1730GMT

*SUP 1: Y131.90/99 Intraday, Feb 9 lows

*SUP 2: Y131.61 Feb 14 low

*SUP 3: Y131.17 Nov 17 low

*SUP 4: Y130.87 2% volatility band

*COMMENTARY* The lower 2% volatility band came under pressure on Wednesday. A

low of Y131.61, before the weight of some heavily oversold hourly conditions

came to the near term rescue. The subsequent lift, still has Wednesday's Y133.39

high in the way of an even better recovery. Meanwhile, nearest support from

Y132.27 has been lost, this cautions and leaves the Y131.90-Y131.99 as the

protection against a Y131.61-Y131.17 fall.