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55-DMA & Y110.72 Levels Now Key....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 55-DMA & Y110.72 Levels Now Key
*RES 4: Y111.49 High Jan 18 
*RES 3: Y111.39 High May 21 
*RES 2: Y111.18 High May 22 
*RES 1: Y110.72 Hourly support May 22 now resistance
*PRICE: Y110.30 @ 0430GMT
*SUP 1: Y109.84 Hourly resistance June 11 now support 
*SUP 2: Y109.01 Hourly support June 1 
*SUP 3: Y108.74 55-DMA 
*SUP 4: Y108.70 Low June 1
*COMMENTARY: The rally from dips back to the 100-DMA in May has seen the pair
correct higher only to fail at the 200-DMA (Y110.20) hurdle with pop above in
Asia today lacking follow through so far. Bulls look for a close above Y110.72
to confirm traction above the 200-DMA and return immediate focus to Y111.39-98.
The 55-DMA is now key support. Bears look for a close below to confirm an easing
of bullish pressure and below Y107.85 to shift focus back to 2018 lows.

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