Sustained Break Of Y127.61...........>

EURO-YEN TECHS: Sustained Break Of Y127.61 Resistance Needed Here

*RES 4: Y128.80 61.8% Fibo of 131.38-124.62

*RES 3: Y128.53/54 May 25, May 28 highs

*RES 2: Y128.00 50% Fibo of 131.38-124.62

*RES 1: Y127.61/73 76.4% of Y128.54-Y124.62, intraday high

*PRICE: Y127.50 @0930GMT

*SUP 1: Y127.10/20 Hourly support

*SUP 2: Y126.70/75 Hourly congestion May 30-31

*SUP 3: Y126.46 Intraday low

*SUP 4: Y126.24 Hourly high/low May 30

*COMMENTARY* Has wasted no time in reclaiming ground back above the lower 2%

volatility band, at Y125.77 by time today. Latest rise to Y127.73 is trying to

sustain a break above the 76.4% Fibo retrace level at Y127.61. This would be key

as further correction potential would then switch to retracements of the

Y131.38-Y124.62 fall. Meanwhile, Y127.20-Y127.10 provides initial support,

Y126.75-Y126.70 of more interest below.