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Lower 2% Volatility Band Under.......>

EURO-YEN TECHS
EURO-YEN TECHS: Lower 2% Volatility Band Under Pressure Again
*RES 4: Y133.80 Feb 12 high
*RES 3: Y133.36 Intraday high
*RES 2: Y132.98 Intraday hourly recovery high
*RES 1: Y132.45/65 Hourly resistance
*PRICE: Y132.28 @1500GMT
*SUP 1: Y131.61/71 Intraday low, 2% volatility band 
*SUP 2: Y131.17 Nov 17 low
*SUP 3: Y130.87 1.618 swing of Y131.99-Y133.80
*SUP 4: Y130.29 1.618 swing of Y133.05-Y137.51
*COMMENTARY* Continues to slide following the failure at Y133.80 resistance
earlier in the week. The loss of Y132.35-Y131.99 support, has again put pressure
back on the lower 2% volatility band, at Y131.71 by time today. A low of Y131.61
seen before bouncing but will need to recover through Y132.45-Y132.65 however,
before the near term downside threat will be reduced. Below Y131.71-61 and the
Nov 17 low at Y131.17, then protects against Y130.87-Y130.29.

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