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

EURO-YEN TECHS
EURO-YEN TECHS: Hinting At Correction To Y133.88
*RES 4: Y135.99 Low Jan 5 now resistance
*RES 3: Y135.48 Hourly resistance Jan 8
*RES 2: Y135.11 Low Jan 8 now resistance
*RES 1: Y134.57 Hourly resistance Jan 9
*PRICE: Y134.32 @ 2030GMT
*SUP 1: Y133.88 Hourly support Dec 20 
*SUP 2: Y133.60 Hourly support Dec 19 
*SUP 3: Y133.31 55-DMA 
*SUP 4: Y133.15 Daily Bull channel base
*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 Y132.71-133.88 where
key DMAs and the bull channel base are situated. Layers of resistance are
accumulating and weighing. Bulls now need a close above Y135.11 to ease bearish
pressure and above Y135.99 to retain focus on Y139.02-141.05.

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