Last Week's Fall Reaches Toward......>

EURO-YEN TECHS: Last Week's Fall Reaches Toward Y128.90-Y128.85 Support

*RES 4: Y131.73 Mar 20 high

*RES 3: Y131.07 Mar 21 high

*RES 2: Y130.56 Initial low Mar 22, now resistance

*RES 1: Y130.20/25 Mar 21 low, hourly high Mar 22

*PRICE: Y130.13 @0818GMT

*SUP 1: Y129.50 Hourly support

*SUP 2: Y129.27 Hourly base Mar 23

*SUP 3: Y128.85/90 38.2% Fibo, equality fall from Y131.73 

*SUP 4: Y128.30 1.618 swing of Y129.61-Y131.73

*COMMENTARY* Last week's recovery stalled just below the 76.4% Fibo retrace

level at Y131.77 on Tuesday. Some near term overbought conditions putting an end

to the rise at Y131.73. Subsequent pullback broke below Y130.35-Y130.08 support,

raising concerns. Continued fall below the Mar 5 low at Y129.35 has next support

from Y128.90-Y128.85. An equality fall from Y131.73 and the 38.2% Fibo retrace

of the Y114.85-Y137.51 rise seen since last April. Resistance Y130.25-Y130.56.