Y131.40-Y131.46 Now The Brake To.....>

EURO-YEN TECHS: Y131.40-Y131.46 Now The Brake To Further Losses

*RES 4: Y133.15 Nov 2 high

*RES 3: Y132.85 Hourly congestion Nov 3

*RES 2: Y132.40/42 Nov 3 low, Nov 7 high

*RES 1: Y132.16/17 Hourly high Nov 7, intraday high

*PRICE: Y131.63 @1625GMT

*SUP 1: Y131.40/46 Intraday, Oct 31 lows

*SUP 2: Y131.00/03 1% vol band, 50% Fibo of Y127.56-Y134.50

*SUP 3: Y130.62 Sep 14 low

*SUP 4: Y130.42 1.618 swing of Y131.46-Y133.15

*COMMENTARY* The pivotal Y131.85 level failed to halt the fall today, the

subsequent drop heading straight towards and slightly below the Oct 31 low at

Y131.46. A sustained loss here will see the potential for a further

Y131.03-Y130.42 fall. In the interim, resistance also falls, Y132.16-Y132.17 now

barring the way to the still important Y132.40-42. Above here needed before

things can improve again.