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107.46 key support holds: *RES.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 107.46 key support holds:
*RES 3: 109.00 Round number resistance
*RES 2: 108.48 Sep 18 High and bull trigger
*RES 1: 108.09 High Sep 20
*PRICE: 107.49 @ 16:04 GMT Sep 23
*SUP 1: 107.31 Intraday low
*SUP 2: 107.23 High Sep 5
*SUP 3: 106.98 High Aug 13 and former breakout level
USDJPY ended the week in retracement mode after finding resistance at 108.48,
Sep 18 high. The pullback is viewed as a correction with bullish trend
conditions continuing to dominate. The focus is on 109.00 and 109.32 as the next
objectives. The bull trigger is at 108.48, Sep 18 high where a break would
confirm a resumption of the uptrend. Note, Thursday's candle is a bearish
engulfing and a concern for bulls. Key support and the risk parameter for bulls
is at 107.46.

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