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Key Support Situated Between.........>

EURO-YEN TECHS
EURO-YEN TECHS: Key Support Situated Between Y131.17-Y131.04 Today
*RES 4: Y133.06/11 Feb 21, Feb 16 highs
*RES 3: Y132.78 Hourly recovery high Feb 21
*RES 2: Y132.35/40 Hourly congestion Feb 21-22
*RES 1: Y131.95/05 Hourly resistance
*PRICE: Y131.56 @1008GMT
*SUP 1: Y131.29 Feb 22 low
*SUP 2: Y131.13/17 1% volatility band, Nov 17 low
*SUP 3: Y131.04 1.618 swing of Y131.81-Y133.06
*SUP 4: Y130.51 1.618 swing of Y131.61-Y133.39
*COMMENTARY* Sank again yesterday, moving ever closer to the key Y131.17-Y131.04
support area. The latter swing target seen as the last protection against a
deeper Y130.51 and perhaps Y129.80 fall, where the lower 2% volatility band lies
today. This would also open up the prospect of beginning a correction of the
Y114.85-Y137.51 gains seen since April last year. Meanwhile, a Y131.95-Y132.05
break would allow a breather and a higher Y132.35-Y132.78 bounce.

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