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Y131.85 Hold Needed To Protect.......>

EURO-YEN TECHS: Y131.85 Hold Needed To Protect Base Of Consolidation 
*RES 4: Y133.34 61.8% Fibo of Y134.50-Y131.46
*RES 3: Y133.15 Nov 2 high
*RES 2: Y132.85 Hourly congestion Nov 3
*RES 1: Y132.40/42 Nov 3 low, intraday high
*PRICE: Y132.00 @1645GMT
*SUP 1: Y131.85 Hourly support
*SUP 2: Y131.46 Oct 31 low
*SUP 3: Y131.25 1% volatility band
*SUP 4: Y131.03 50% Fibo of Y127.56-Y134.50
*COMMENTARY* Spent the better part of last week correcting some of the recent
Y134.50-Y131.46 losses. The recent rise to Y133.15, just shy of the next Fibo
retrace level at Y133.34. In the meantime, we have seen another pullback,
support from Y132.00-Y131.85 initially now and the latter should ideally hold
now, or the risk once again reverts to the downside and threatens the base of
the recent consolidation between 131.46-Y131.25. Resistance Y132.40-Y132.85.

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