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21-DMA Continues To Cap *RES 4:....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 21-DMA Continues To Cap
*RES 4: Y111.18 High May 22 
*RES 3: Y110.72 Hourly support May 22 now resistance 
*RES 2: Y110.20 200-DMA 
*RES 1: Y109.79 21-DMA
*PRICE: Y109.03 @ 0430GMT
*SUP 1: Y108.53 Low Apr 24 
*SUP 2: Y108.19 100-DMA 
*SUP 3: Y108.05 55-DMA 
*SUP 4: Y107.85 High Apr 20 now support
*COMMENTARY: Losses defined last week adding weight to the case for a correction
back to Y107.85-108.53 where the 21-WMA (Y108.12) and 55 & 100-DMAs (Y108.05-19)
are situated. Bears continue to look for a close below Y107.85 to confirm breaks
of 55 & 100-DMAs and shift initial focus to Y106.57. Bulls need a close above
the 21-DMA to gain breathing room and above Y110.72 to shift initial focus back
to Y111.39-98.

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