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

EURO-YEN TECHS
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.

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