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.