Still Eyeing The Chance For A........>

EURO-YEN TECHS: Still Eyeing The Chance For A Fresh Y134.41 Challenge

*RES 4: Y134.64 1.618 swing of Y133.50-Y131.66

*RES 3: Y134.41 Sep 22 high, 61.8% Fibo of Y149.80-Y109.51

*RES 2: Y134.13 Oct 20 high

*RES 1: Y133.90 Hourly resistance

*PRICE: Y133.70 @0913GMT

*SUP 1: Y133.10 Hourly basing area Oct 19, Oct 23 low

*SUP 2: Y132.80/85 Further hourly lows Oct 19

*SUP 3: Y132.47 Oct 19 low

*SUP 4: Y132.20/25 Congestion area Oct 13-17

*COMMENTARY* The Y131.75-Y131.66 area managed to hold recent setbacks, following

last month's assault on the long term 61.8% Fibo retrace level at Y134.41. The

subsequent recovery last week has been impressive, a high of Y134.13 so far, as

we again return towards that Y134.41 high, the upper 1% volatility band at the

earlier Y134.39 level today. Meanwhile some near term overbought conditions have

seen a Y133.10 pullback but only below Y132.80 will spoil upside momentum.