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110.29 Resistance Exposed *RES.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 110.29 Resistance Exposed
*RES 4: 110.96 High May 6, 2019
*RES 3: 110.67 High May 21, 2019
*RES 2: 110.29 High Jan 17 and bull trigger
*RES 1: 110.02 High Feb 7
*PRICE: 109.86 @ 10:36 GMT Feb 11
*SUP 1: 109.30 Low Feb 5
*SUP 2: 108.55 Low Jan 4
*SUP 3: 108.31 Low Jan 31
*SUP 4: 108.27 76.4% retracement of the Jan 8 - Jan 17 rally
USDJPY maintains a bullish tone following last week's rally and the pair is
holding onto recent gains. Attention is on 110.29, the Jan 17 high and the
near-term bull trigger. A break of this level would reinforce bullish conditions
and pave the way for strength towards 110.67, the May 21 high. A break higher
would also confirm a resumption of the broader uptrend that has been in place
since late August last year. Initial support lies at 109.30.

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