Recovery Moves Through The Year's....>

EURO-YEN TECHS: Recovery Moves Through The Year's high

*RES 4: Y137.65 1.618 swing of Y136.31-Y134.13

*RES 3: Y137.40 Equality rise target from Y134.13

*RES 2: Y137.20 5 month rising resistance line

*RES 1: Y136.85/93 Intraday high, 1% volatility band

*PRICE: Y136.74 @1845GMT

*SUP 1: Y135.85/90 Hourly support

*SUP 2: Y135.65/70 Intraday hourly basing area

*SUP 3: Y135.35/39 Hourly low/high Jan 31

*SUP 4: Y134.75 Hourly base Jan 30

*COMMENTARY* The recovery begun at the beginning of the week, from a test to the

lower 1% volatility band at Y134.14, has now broken through the top of the

recent Y136.31-y136.64 range. This now has the potential for a higher

Y136.93-Y137.20 rise next. Through here and the equality rise target at Y137.40

and the swing target at Y137.65 are next on the agenda. Meanwhile, support from

Y135.90 and then Y135.65 offers near term downside protection.