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106.74 highs in view: *RES 4:......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 106.74 highs in view:
*RES 4: 107.57 High Aug 2
*RES 3: 107.30 50-dma
*RES 2: 106.98 High Aug 13 and key resistance
*RES 1: 106.74 Aug 23 high and recent congestion area
*PRICE: 106.40 @ 04.52 GMT Aug 30
*SUP 1: 105.59 Low Aug 27
*SUP 2: 104.46 Low Aug 26 and YTD low
*SUP 3: 104.00 Psychological round number
*SUP 4: 103.66 76.4% retracement of the Jun - Dec, 2016 rally
USDJPY inched higher to the week's best levels Thursday, helping take out
resistance at 106.41. The 106.74 level is now within range and a climb through
here would open the 106.98 key resistance and the 50-dma at 107.30. A 106.98
break would also represent an important bullish development. Until then, the
failure around 107.00 this month maintains a bearish threat. A break of 105.59
would reopen 104.46. Clearance of the latter targets 104.00 and 103.66.

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