Y132.90-Y132.56 Provides Key Near....>

EURO-YEN TECHS: Y132.90-Y132.56 Provides Key Near Term Support Area

*RES 4: Y134.24 61.8% Fibo of Y137.51-Y128.95

*RES 3: Y134.09 1% volatility band

*RES 2: Y133.80 Feb 12 high

*RES 1: Y133.49 Apr 24 high

*PRICE: Y132.98 @0805GMT

*SUP 1: Y132.90/95 Hourly support

*SUP 2: Y132.56/57 4 week support line, initial high Apr 23

*SUP 3: Y132.35/40 Hourly congestion Apr 19-23

*SUP 4: Y132.04/11 Apr 20, Apr 17 lows

*COMMENTARY* Rallies still kept back by Tuesday's Y133.49 high and while capped

here, the near term focus will remain initially on Y132.95-Y132.90 support but

more importantly the lower Y132.57-Y132.56 area. Have to remain above here to

retain recent upside momentum. A move above Y133.49 will be attracted to Y133.80

next, although the Y134.09-Y134.24 region likely provides a sterner test.

Beneath Y132.56 and Y132.35-Y132.04 come back into view.