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Rally Still Respecting Upper 1%......>

EURO-YEN TECHS
EURO-YEN TECHS: Rally Still Respecting Upper 1% Volatility Band
*RES 4: Y137.94 2% volatility band
*RES 3: Y137.47 September 2015 high
*RES 2: Y136.99 October 2015 high
*RES 1: Y136.60/64 1% volatility band, intraday high
*PRICE: Y136.22 @1630GMT
*SUP 1: Y136.00 Hourly support
*SUP 2: Y135.64 Jan 2 high, now support
*SUP 3: Y135.44/46 Hourly highs Jan 4, now support
*SUP 4: Y135.16 Initial recovery high Jan 3, now support
*COMMENTARY* Overcame a dip to Y134.80 on Wednesday before launching into a
fresh rally which has since broken above resistance from both swing targets at
Y135.82 and then Y136.41. Once again the rise has respected the upper 1%
volatility band, at Y136.60 by time today. Will currently need to sustain a
break above here, before any further upside acceleration can follow. Meanwhile,
Y136.00 provides protection against a correction of gains from Y134.80.

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