Fresh Fall After Rally Struggles.....>

EURO-YEN TECHS: Fresh Fall After Rally Struggles To Recover Y132.27

*RES 4: Y132.80 Nov 15 low, now resistance

*RES 3: Y132.47/53 Nov 20 high, hourly resistance

*RES 2: Y132.27 Nov 21 high

*RES 1: Y132.00 Hourly resistance

*PRICE: Y131.72 @1030GMT

*SUP 1: Y131.17/23 Nov 17, intraday lows 

*SUP 2: Y131.03/04 50% of Y127.56-Y134.50, 1% volatility band

*SUP 3: Y130.62 Sep 14 low

*SUP 4: Y130.37 1.618 swing of Y131.17-Y132.47

*COMMENTARY* Rally tracked and was contained by the upper 1% volatility band

last week, thereby failing to make any inroads into the previous Y134.50 high.

The subsequent fall has been swift, testing toward the base of the recent range

and lower 1% volatility band between Y131.10-Y131.03. Some near term oversold

conditions have since prevailed, allowing a bounce. This sees Y132.27-Y132.53 as

immediate resistance. Lose Y131.03 and next targets Y130.37-Y130.21.