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108.99 still within reach: *RES....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 108.99 still within reach:
*RES 4: 109.93 High May 30
*RES 3: 109.59/73 50.0% of the Apr 24-Jun 25 decline / 100-dma
*RES 2: 109.02 Low May 13
*RES 1: 108.93/99 38.2% of the Apr 24-Jun 25 decline / High Jul 10
*PRICE: 108.68 @ 15:44 GMT July 30
*SUP 1: 108.22/107.94 200-hma / Low Jul 24
*SUP 2: 107.21 Low Jul 18 and key support
*SUP 3: 107.10 Low Jun 26
*SUP 4: 106.78 Low Jun 25 and key support
USDJPY reinforced its bullish tone Monday, but moderated slightly during the
Tuesday session. This keeps the 108.99 July high within reach and a break and
close above would indicate scope for further strength. Momentum studies remain
constructive, reinforcing the bullish theme. On the downside, losses below
107.21 would offset the bullish outlook. Initial support lies at 107.94.

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