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Hinting At Correction To Y133.88.....>

EURO-YEN TECHS
EURO-YEN TECHS: Hinting At Correction To Y133.88
*RES 4: Y136.32 High Jan 8
*RES 3: Y135.99 Low Jan 5 now resistance
*RES 2: Y135.48 Hourly resistance Jan 8
*RES 1: Y135.11 Low Jan 8 now resistance
*PRICE: Y134.72 @ 0530GMT
*SUP 1: Y134.28 Hourly support Dec 27 
*SUP 2: Y133.88 Hourly support Dec 20 
*SUP 3: Y133.60 Hourly support Dec 19 
*SUP 4: Y133.32 55-DMA
*COMMENTARY: The lack of topside follow through has taken its toll with a
sell-off that leaves the pair looking a little heavy. Daily studies correcting
from O/B add weight to the case for a correction back to Y132.72-133.88 where
key DMAs and the bull channel base are situated. Layers of resistance are
accumulating and weighing. Bulls now need a close above Y135.99 to ease bearish
pressure and retain focus on Y139.02-141.05.

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