Near Term Loss Of Y129.80 Raises.....>

EURO-YEN TECHS: Near Term Loss Of Y129.80 Raises Some Concern

*RES 4: Y131.09/16 Sep 7 high, 76.4% of Y131.71-Y129.37

*RES 3: Y130.70/75 Pivot point over last two weeks

*RES 2: Y130.45/50 Minor hourly congestion Sep 7

*RES 1: Y130.15/20 Hourly resistance

*PRICE: Y129.90 @0930GMT

*SUP 1: Y129.37 Sep 5, Sep 6 lows

*SUP 2: Y129.15/19 61.8% of Y127.56-Y131.71, Aug 22 high

*SUP 3: Y128.54 76.4% Fibo of Y127.56-Y131.71

*SUP 4: Y128.31 1.618 swing of Y129.37-Y131.09

*COMMENTARY* This week's correction of the Y131.71-Y129.37 fall faltered at

Y131.09, just shy of the 76.4% Fibo retrace level at Y131.16. The subsequent

fall has been swift, today losing support from Y129.80, albeit only briefly so

far. This can see Y129.37 come under pressure again, the Y129.19-Y129.15 area

below seen as more important and contains the lower 1% volatility band.

Resistance Y130.15-Y130.50 but the Y130.70-75 area more significant.