Y132.47-Y132.33 Can Provide A Near...>

EURO-YEN TECHS: Y132.47-Y132.33 Can Provide A Near Term Brake To Fall

*RES 4: Y134.10/15 Series hourly lows Oct 25-26

*RES 3: Y133.90 Hourly congestion Oct 24-25

*RES 2: Y133.47 Hourly highs Oct 26

*RES 1: Y132.95/10 Hourly resistance

*PRICE: Y132.65 @0945GMT

*SUP 1: Y132.33/47 76.4% of Y131.66-Y134.50, Oct 19 low

*SUP 2: Y131.85 38.2% of Y127.56-Y134.50, 1% vol band

*SUP 3: Y131.66 Oct 16 low

*SUP 4: Y131.03/09 38.2% of Y127.56-Y134.50, Sep 7 high

*COMMENTARY* Unable to sustain a move above the Y134.41 Fibo level and paying

the price for spurning this opportunity. The slip back below Y133.75 was the

first warning sign, then compounded by the loss of Y133.35-Y133.10. This now

sees Y132.47-Y132.33 as the next region of support and protection against a

further Y131.85-Y131.66 fall. Meanwhile, Y132.95-Y133.10 provides initial

resistance, above which lies some upside corrective opportunity.