Fresh Fall Piles Pressure Back On....>

EURO-YEN TECHS: Fresh Fall Piles Pressure Back On Y129.60-Y129.35 Area

*RES 4: Y131.30 Hourly highs Mar 15, Mar 20

*RES 3: Y131.07 Mar 21 high

*RES 2: Y130.65/70 Hourly congestion Mar 21-22

*RES 1: Y130.20/30 Mar 21 low, hourly resistance

*PRICE: Y129.89 @1620GMT

*SUP 1: Y129.50/60 Intraday low, 1% volatility band

*SUP 2: Y129.35 Mar 5 low

*SUP 3: Y128.90 Equality fall from Y131.73 to Y132.44-Y129.61

*SUP 4: Y128.25/30 2% vol band, 1.618 swing Y129.61-Y131.73

*COMMENTARY* The recovery from Y129.61 stalled just below the 76.4% Fibo retrace

level at Y131.77 on Tuesday. Some near term overbought conditions putting an end

to the rise at Y131.73. Subsequent pullback has broken below Y130.35 support,

loss concerns, especially given the further break below Y130.08.  level

currently remains more pivotal to direction. This swings bias back to the

downside and pressure on Y129.60-Y129.35. Resistance from Y130.20-Y130.70.