Pullback Continues,..................>

EURO-YEN TECHS: Pullback Continues, Y131.41-Y131.03 The Next Band Of Support

*RES 4: Y133.46 Hourly highs Oct 26

*RES 3: Y132.96 Oct 27 high

*RES 2: Y132.59 Initial low Oct 27, now resistance

*RES 1: Y132.10/29 Hourly resistance, Oct 30 high

*PRICE: Y131.75 @1016GMT

*SUP 1: Y131.41/46 Aug 2 high, Oct 30 low

*SUP 2: Y131.03/09 50% of Y127.56-Y134.50, Sep 7 high

*SUP 3: Y130.39 2% volatility band

*SUP 4: Y130.21 61.8% Fibo of Y127.56-Y134.50

*COMMENTARY* Unable to sustain a move above the Y134.41 Fibo level last week and

paying the price for spurning this opportunity. The fall has been compounded

again by the loss of Y132.47-Y132.33 and has subsequently dipped into the next

area of support from above the Aug 2 high at Y131.41. Meanwhile, Y132.10-Y132.29

provides initial resistance and the bar to any further upside corrective

opportunity. Below Y131.41 and Y131.09-Y131.03 is the next support of note.