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

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

*RES 4: Y134.77 1.618 swing of Y134.13-Y133.10

*RES 3: Y134.64 1.618 swing of Y133.50-Y131.66

*RES 2: Y134.41 Sep 22 high, 61.8% Fibo of Y149.80-Y109.51

*RES 1: Y134.26 Intraday high

*PRICE: Y134.07 @1556GMT

*SUP 1: Y133.55/65 Hourly support

*SUP 2: Y133.35 Initial intraday high, now support

*SUP 3: Y133.10 Hourly basing area Oct 19, Oct 23 low

*SUP 4: Y132.80/85 Further hourly lows Oct 19

*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 has been impressive, a high of Y134.26 so far today, as we

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

level also today. Meanwhile, again some near term overbought conditions can

hamper any further gains, look now to Y133.65-Y133.35 for near term support.