Y132.32 Loss Would Suggest Scope.....>

EURO-YEN TECHS: Y132.32 Loss Would Suggest Scope For Y131.93-Y131.85 Pullback

*RES 4: Y134.12 1% volatility band

*RES 3: Y133.78 76.4% Fibo of Y134.50-Y131.46

*RES 2: Y133.34 61.8% Fibo of Y134.50-Y131.46

*RES 1: Y133.15 Nov 2 high

*PRICE: Y132.45 @1000GMT

*SUP 1: Y132.32 Hourly base Oct 31

*SUP 2: Y131.85/93 Hourly support, Initial high Oct 30

*SUP 3: Y131.41/46 Aug 2 high, Oct 30 low, 1% vol 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 latest rise through Y132.96-Y132.98 has seen a high

of Y133.15 so far, just ahead of the next Fibo retrace level at Y133.34. In the

meantime, support also changes slightly, Y132.32 initially and this currently

protects against a more sizeable pullback of the gains from that Y131.46 level.