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Rallies After Test To 5 Month........>

EURO-YEN TECHS: Rallies After Test To 5 Month Rising Support Line
*RES 4: Y136.39 1% volatility band
*RES 3: Y135.79 76.4% Fibo of Y136.64-Y133.05
*RES 2: Y135.27 61.8% Fibo of Y136.64-Y133.05
*RES 1: Y134.85 Hourly congestion Jan 9
*PRICE: Y134.72 @1008GMT
*SUP 1: Y134.10/15 Hourly support
*SUP 2: Y133.95 Intraday low
*SUP 3: Y133.45 Hourly congestion area Jan 11
*SUP 4: Y133.05/11 Jan 10 low, 5 month support line
*COMMENTARY* Found support from the dual Y133.05-Y133.10 area on Thursday.
Mainly due to a bounce from the 5 month rising support line. The subsequent
rally back through Y134.20-Y134.56 has begun a correction of recent losses from
the Jan 5 high at Y136.64. Next up is the congested Y134.85 area, above which
would allow a higher Y135.27-Y135.79 rise. As a result, nearest support comes
from Y134.15-Y134.10, ahead of the day's Y133.95 low. 

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