Pullback Cautions After Loss of......>

EURO-YEN TECHS: Pullback Cautions After Loss of Pivotal Y132.56-Y132.38

*RES 4: Y133.80 Feb 12 high

*RES 3: Y134.49 Apr 24 high

*RES 2: Y133.25/26 Intraday, Apr 25 highs

*RES 1: Y132.90 Hourly resistance

*PRICE: Y132.36 @1616GMT

*SUP 1: Y132.29/38 Intraday low, 76.4% of Y132.04-Y133.49

*SUP 2: Y132.04/11 Apr 20, Apr 17 lows

*SUP 3: Y131.81/82 Apr 12 low, Mar 27 high

*SUP 4: Y131.20 Congestion area Mar 27-Apr 6

*COMMENTARY* Rallies still kept back by Tuesday's Y133.49 high and while capped

here, the near term focus was on Y132.90-Y132.56 support. Both have subsequently

been lost which spoils the look of recent upside momentum. The lower 76.4% Fibo

retrace at Y132.38 is also wobbling, beneath which the focus will again turn to

Y132.11-Y132.04. Any loss of the latter will confirm decent correction underway.

Nearest resistance dips to Y132.90-Y133.26.