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Recovery Meets Y135.48-Y135.80.......>

EURO-YEN TECHS
EURO-YEN TECHS: Recovery Meets Y135.48-Y135.80 Resistance Next
*RES 4: Y136.64/82 Jan 5 high, 1% volatility band
*RES 3: Y136.29/31 Jan 25, Jan 18 highs
*RES 2: Y135.80 76.4% Fibo of Y136.31-Y134.13
*RES 1: Y135.48/49 61.8% Y136.31-Y134.13, hourly high Jan 26
*PRICE: Y135.25 @0946GMT
*SUP 1: Y134.75/85 Hourly support
*SUP 2: Y134.33 Jan 29 low
*SUP 3: Y134.10/13 1% volatility band, Jan 30 low
*SUP 4: Y133.82/85 76.4% Y133.05-Y136.31, 6 mth support line
*COMMENTARY* The correction of the most recent Y133.05-Y136.31 rise has found
support from Y134.13, above the lower 1% volatility band and also the 6 month
rising support line at Y133.85. Meanwhile, the move back above Y134.80-Y135.02
has allowed some respite but rallies will likely require a move back through
Y135.49-Y135.80, before overall upside focus is regained. Meanwhile, interim
support comes from Y134.75-Y134.33.

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