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Rally Challenges Upper 1%............>

EURO-YEN TECHS: Rally Challenges Upper 1% Volatility Band
*RES 4: Y133.23 50% Fibo of Y137.51-Y128.95
*RES 3: Y132.96 1.618 swing of Y132.18-Y129.98
*RES 2: Y132.85 Equality rise from Y129.98 to Y128.95-Y131.82
*RES 1: Y132.58/62 1% volatility band, intraday high 
*PRICE: Y132.23 @1542GMT
*SUP 1: Y131.70/80 Hourly support
*SUP 2: Y131.38 Hourly base Apr 9
*SUP 3: Y131.07/11 Apr 5, Apr 9 lows
*SUP 4: Y130.59/61 Mar 28, Mar 29 lows
*COMMENTARY* Have broken above the Mar 27 high at Y131.82, giving more credence
to the potential for an inverse head and shoulders pattern to have developed
over the last 6 weeks or so. Next up, now has to deal with the upper 1%
volatility band, which may be more problematic, at least in the near term.
Support rises to Y131.80-Y131.70 but Y131.38 currently provides the stronger
level. Above Y132.58-Y132.62 and Y132.85-Y132.96 becomes next attraction.

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