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76.4% retracement underpinned:.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 76.4% retracement underpinned:
*RES 4: 109.02 Low May 13
*RES 3: 108.93/99 38.2% of the Apr 24-Jun 25 decline / High Jul 10
*RES 2: 108.33 High Jul 17
*RES 1: 108.02 High Jul 18
*PRICE: 107.68 @ 08:45 GMT July 19
*SUP 1: 107.21 Low Jul 18
*SUP 2: 107.10/106.90 Low Jun 26 / Former channel resistance off the Jul 3 low
*SUP 3: 106.78 Low Jun 25
*SUP 4: 106.00 Round number support
Support around the 76.4% retracement of the Jun-Jul rally underpinned USDJPY
yesterday, with the recovery extending to 107.72. Clearance of the Jul 17 high
at 108.38 would be an encouraging sign for bulls, opening a return to 108.99
resistance. However, a downside break of 107.21 would expose key support at
106.78 that also represents the key bear trigger.

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