Rally Tests 76.4% Fibo Retrace.......>

EURO-YEN TECHS: Rally Tests 76.4% Fibo Retrace Level At Y129.78

*RES 4: Y131.38 May 14 high

*RES 3: Y131.06 50% Fibo of Y137.51-Y124.62

*RES 2: Y130.29 2% volatility band

*RES 1: Y129.78/83 76.4% Fibo of 131.38-124.62, intraday high

*PRICE: Y129.67 @1631GMT

*SUP 1: Y129.00/15 Hourly support

*SUP 2: Y128.70 Jun 4 high, now support

*SUP 3: Y128.20 Hourly congestion Jun 4-Jun 5

*SUP 4: Y127.79 Jun 5 low

*COMMENTARY* Has continued to regain ground, following last week's exhaustion

spike to the base of the 4 month bear channel. Today we have seen the rally move

through Y128.80-Y129.00 resistance, the latter the upper 1% volatility band,

also eclipsing the 38.2% Fibo retrace level at Y129.54, as we test the resolve

of the 76.4% Fibo level at Y129.78 next. Meanwhile, Y129.15-Y129.00 provides

support, Y128.70 of more consequence below.