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Above Y108.42 To Target Key WMAs...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Above Y108.42 To Target Key WMAs & DMAs
*RES 4: Y109.08 21-WMA 
*RES 3: Y108.42 Low Feb 12 now resistance 
*RES 2: Y108.03 Low Feb 9 now resistance 
*RES 1: Y107.77 High Apr 5
*PRICE: Y107.30 @ 0430GMT
*SUP 1: Y106.85 Low Apr 17 
*SUP 2: Y106.57 Low Apr 9 
*SUP 3: Y106.50 21-DMA 
*SUP 4: Y105.29 Hourly resistance Mar 23 now support
*COMMENTARY: Having remained capped ahead of the Y108.03-42 resistance region
bears take additional comfort in pressure returning to the 55-DMA (Y106.93).
Bears continue to look for a close below the 21-DMA to shift initial focus back
to Y105.29 and hint at a move back to 2018 lows and the LT rising TL (Y104.42)
off 2016 lows. Bulls still need a close above Y108.42 to shift focus to
Y109.08-110.49 where key DMA and WMAs are located.

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