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Rally Continues With Break Of 50%....>

EURO-YEN TECHS
EURO-YEN TECHS: Rally Continues With Break Of 50% Fibo Retrace At Y133.23 
*RES 4: Y134.24 61.8% Fibo of Y137.51-Y128.95
*RES 3: Y134.02 1% volatility band
*RES 2: Y133.80 Feb 12 high
*RES 1: Y133.49 Apr 24 high
*PRICE: Y133.12 @1618GMT
*SUP 1: Y132.90/95 Hourly support
*SUP 2: Y132.57 Initial rally high Apr 23, now support
*SUP 3: Y132.35/40 Hourly congestion Apr 19-23
*SUP 4: Y132.04/11 Apr 20, Apr 17 lows
*COMMENTARY* Only have to mention 'embroiled in congested trading' and hey
presto! it produces a break. This time higher, in line with the recent trend,
since breaking above the head and shoulders neckline on Apr 5. Has moved through
Y133.09-Y133.23 resistance, possible the rally can stretch toward
Y133.80-Y134.02 next. The latter the current level of the upper 1% volatility
band, always an awkward customer. Y132.57-132.35 support should now hold.

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