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EURO-YEN TECHS
EURO-YEN TECHS: Rally Falters Ahead Of Swing Target At Y135.82
*RES 4: Y136.41 1.618 swing of Y134.41-Y131.17
*RES 3: Y136.17 1% volatility band
*RES 2: Y135.82 1.618 swing of Y134.38-Y132.05
*RES 1: Y135.64 Jan 2 high
*PRICE: Y135.10 @1635GMT
*SUP 1: Y134.77 Hourly congestion Dec 27-29
*SUP 2: Y134.46 Dec 28 low
*SUP 3: Y134.20 Dec 26 low
*SUP 4: Y133.91 Dec 22 low
*COMMENTARY* Continues above the top of the recent range at Y134.46-Y134.50 a
high of Y135.64 so far but held back below the swing target at Y135.82 and the
upper 1% volatility band, at the higher Y136.17 level. Currently seeing some
near term overbought conditions unwind with support seen importantly from
between Y134.98-Y134.93. Loss of the latter disappoints now and threatens a
deeper correction of gains seen from the Dec 22 low at Y133.91. 

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