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Range Trading Continues *RES 4:.....>

EURO-YEN TECHS
EURO-YEN TECHS: Range Trading Continues 
*RES 4: Y137.08 5 month channel top, 1% volatility band
*RES 3: Y136.64 Jan 5 high
*RES 2: Y136.31 Jan 18 high
*RES 1: Y135.75/95 Hourly resistance
*PRICE: Y135.00 @1615GMT
*SUP 1: Y134.92 Jan 24 low
*SUP 2: Y134.58 Hourly low Jan 12
*SUP 3: Y134.35 1% volatility band, Jan 11 high
*SUP 4: Y133.82 76.4% Fibo of Y133.05-Y136.31
*COMMENTARY* Still basically range trading above Y134.92 support. While held
here, there is scope to return higher towards the range highs at
Y136.31-Y136.64. The 5 month rising support line and upper 1% volatility band at
the higher Y137.07 region today. Loss of Y134.92 would caution and open up
corrective potential, Y134.58-Y133.82 then possible.

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