Further Fall Has Next Support........>

EURO-YEN TECHS: Further Fall Has Next Support Between Y131.97-Y131.77

*RES 4: Y133.35 Hourly congestive highs Dec 12-14

*RES 3: Y133.13 Initial low Dec 14, now resistance

*RES 2: Y132.85 Dec 13 low, now resistance

*RES 1: Y132.70 Hourly resistance

*PRICE: Y132.41 @1047GMT

*SUP 1: Y131.97/05 Hourly support, intraday low

*SUP 2: Y131.77 Equality fall from Y133.89 to Y134.38-Y132.26

*SUP 3: Y131.23/25 Nov 23 low, 1.618 swing Y132.26-Y133.89

*SUP 4: Y131.17 Nov 17 low

*COMMENTARY* The failure to deal with pivotal Fibo resistance at Y133.88 this

week, has been the catalyst for the swift move back down the recent range. This

now sees Y131.97-Y131.77 as protecting against further losses towards

Y131.25-Y131.17. The latter the base of the Y134.50-Y131.17 range that has been

in effect since mid September this year. In the interim, resistance

Y132.70-Y132.85, above the latter needed to reduce current downside bias.