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

EURO-YEN TECHS
EURO-YEN TECHS: Key Support Situated Between Y130.89-Y130.26 Today
*RES 4: Y132.78 Hourly recovery high Feb 21
*RES 3: Y132.35/40 Hourly congestion Feb 21-22
*RES 2: Y132.06 Hourly recovery high Feb 22
*RES 1: Y131.81 Feb 16 low, Feb 23 high
*PRICE: Y131.32 @0850GMT
*SUP 1: Y130.89/94 1% volatility band, Feb 23 low
*SUP 2: Y130.51 1.618 swing of Y131.61-Y133.39
*SUP 3: Y130.26 1.618 swing of Y133.05-Y137.51
*SUP 4: Y129.56 2% volatility band
*COMMENTARY* Sank again on Friday, moving below the key Y131.17-Y131.04 support
area. Now looking toward the lower 1% volatility band at Y130.89 today, as the
last protection against a deeper Y130.51-Y130.26 fall, this ahead of perhaps
Y129.56, 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 Y131.81-Y132.06 break would allow a breather.

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