Key Supports Confirming..............>

EURO-YEN TECHS: Key Supports Confirming Significance

*RES 4: Y134.25 High Sept 25

*RES 3: Y133.49 Hourly resistance Sept 25

*RES 2: Y133.01 Hourly support Sept 25 now resistance

*RES 1: Y132.75 High Sept 27

*PRICE: Y132.55 @ 0430GMT

*SUP 1: Y132.07 Low Sept 27 

*SUP 2: Y131.82 21-DMA 

*SUP 3: Y131.74 Low Sept 26 

*SUP 4: Y131.69 Daily Bull channel base

*COMMENTARY: Repeated rejections ahead of the Y134.59 resistance took their toll

with a sell-off and bearish close Monday that saw pressure back on

Y130.47-131.82 where the bull channel base, 21 & 55-DMAs & 200-WMA are located.

Bears need a close below the channel base to add weight to the case for a test

of Y127.42-128.31 with below the 55-DMA to confirm. Bulls still need a close

above Y133.49 to shift focus back to Y134.25-59.