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109.07/108.24 The Key..............>

DOLLAR-YEN TECHS: 109.07/108.24 The Key Directional Triggers
*RES 4: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 3: 109.93 High May 30
*RES 2: 109.49 High Nov 7 and bull trigger
*RES 1: 109.07 High Nov 18
*PRICE: 108.53 @ 10:36 GMT Nov 22
*SUP 1: 108.24 Low Nov 14
*SUP 2: 107.89 Low Nov 1 and key support
*SUP 3: 107.57 38.2% retracement of the Aug 26 - Nov 7 rally
*SUP 4: 107.04 Low Oct 10
USDJPY is flat for now. The pair cleared its channel support last week at
111.43, drawn off the Aug 26 low. Prices however have since traded sideways and
either side of the channel base. It would take a break above 109.07 to reinforce
a bullish theme and reopen the key resistance at 109.49, Nov 7 high. A break
below 108.24 however would instead be bearish and open 107.89, Nov 1 low. For
now, 109.07 and 108.24 remain the current directional triggers.

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