Y132.27-Y132.42 Back In The..........>

EURO-YEN TECHS: Y132.27-Y132.42 Back In The Spotlight After Y131.40 Holds

*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: Y132.27 Intraday high

*PRICE: Y132.18 @1640GMT

*SUP 1: Y131.40/46 Nov 8, Oct 31 lows

*SUP 2: Y131.03 50% Fibo of Y127.56-Y134.50

*SUP 3: Y130.86/89 swing Y131.40-Y132.27, 1% volatility band

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

*COMMENTARY* The pivotal Y131.85 level failed to halt the fall on Wednesday, 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 moves slightly, the day's

Y132.27 high now barring the way to the still important Y132.40-42. Above here

needed before things can improve again.