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107.46 is key support: *RES 4:.....>

DOLLAR-YEN TECHS: 107.46 is key support:
*RES 4: 109.62 High May 31
*RES 3: 109.32 High Aug 1and key resistance
*RES 2: 109.00 Round number resistance
*RES 1: 108.48 Sep 18 High
*PRICE: 107.85 @ 04:48 GMT Sep 20
*SUP 1: 107.79 Low Sep 19
*SUP 2: 107.46 Low Sep 16 and key intraday support
*SUP 3: 107.23 High Sep 5
*SUP 4: 106.98 High Aug 13 and former breakout level
USDJPY is off the weeks highs and has started Friday on a softer note. The
pullback is still being viewed as a correction with the recent strong bullish
recovery intact. The focus remains on 109.00 and 109.32 as the next objectives.
A near-term bull trigger has been defined at 108.48, the Wednesday high. A break
would confirm a resumption of the trend. Note, yesterday's candle is a bearish
engulfing and a concern for bulls. Key support is at 107.46.

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