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Recent Range Still Guided By 1%......>

EURO-YEN TECHS
EURO-YEN TECHS: Recent Range Still Guided By 1% Volatility Bands
*RES 4: Y133.55/71 1% vol band, 76.4% of Y134.50-Y131.17
*RES 3: Y133.24 61.8% of Y134.50-Y131.17, Nov 24 high
*RES 2: Y132.90/00 Hourly lows/highs Nov 24-27
*RES 1: Y132.57 Nov 28 high
*PRICE: Y132.31 @0812GMT
*SUP 1: Y131.85/90 Hourly support
*SUP 2: Y131.65/72 Congestion area Nov 21-23, Nov 28 low
*SUP 3: Y131.17/23 Nov 17, Nov 23 lows
*SUP 4: Y131.03 50% Fibo of Y127.56-Y134.50
*COMMENTARY* Has been trading within a range over the last month that has been
set by the parameters of the 1% volatility bands. The latest rise from above the
50% Fibo retrace level at Y131.03, now has resistance from Y132.57-Y133.00,
ahead of Friday's Y133.24 high and the upper band at Y133.55 by time today.
Meanwhile, support continues from within Y131.90-Y131.65, loss of the latter
would be a near term concern.

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