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108.99 the trigger for fresh.......>

DOLLAR-YEN TECHS: 108.99 the trigger for fresh gains:
*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: 108.56 @ 04:26 GMT July 31
*SUP 1: 108.28/107.94 200-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
Tuesday's session. The outlook remains bullish with the 108.99 July high within
reach. A break and close above this level would indicate scope for further
strength. Momentum studies remain constructive too, reinforcing the bullish
theme. On the downside, losses below 107.21 would offset the positive outlook.
Initial support though lies at 107.94.

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