Pullback Has Support From Above......>

EURO-YEN TECHS: Pullback Has Support From Above Y132.45-Y132.35

*RES 4: Y134.24 61.8% Fibo of Y137.51-Y128.95

*RES 3: Y133.80 Feb 12 high

*RES 2: Y133.52/61 1.618 swing Y132.98-Y132.11, 1% vol band

*RES 1: Y133.23 50% Fibo of Y137.51-Y128.95

*PRICE: Y132.75 @0918GMT

*SUP 1: Y132.35/45 Hourly support

*SUP 2: Y132.11/12 Apr 16, Apr 15 lows

*SUP 3: Y131.81 Apr 12 low

*SUP 4: Y131.50/55 Congestion area Apr 5-Apr 9

*COMMENTARY* The move back above Y132.98 has removed the immediate threat posed

by the 'Doji' candle close on Monday. That said, we are now approaching the next

area of decent resistance from between the 50% Fibo retrace at Y133.23 and the

1% volatility band at Y133.61. In the meantime, support is evident from

Y132.45-Y132.35 and a loss of the latter would concern and once again put

pressure on now key near term support from Y132.11.