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Above Y110.77 To Gain Breathing....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Above Y110.77 To Gain Breathing Room
*RES 4: Y112.23 200-DMA 
*RES 3: Y111.70 Hourly support July 26 now resistance 
*RES 2: Y111.39 Hourly resistance July 27 
*RES 1: Y110.77 High July 31
*PRICE: Y110.55 @ 0210GMT
*SUP 1: Y110.30 Hourly support Aug 2 
*SUP 2: Y109.91 Low Aug 1 
*SUP 3: Y109.70 55-WMA 
*SUP 4: Y109.25 Low June 15
*COMMENTARY: The lack of follow through on the break of Y110.34 is less than
ideal for bears given daily studies looking to correct from modestly O/S levels.
Layers of resistance remain with bulls needing a close above Y110.77 to gain
breathing room and hint at a bounce back to layers of resistance Y111.39-112.23
where DMAs are located. Initial support is noted at Y110.30 with bears needing a
close below to retain focus on Y108.69-109.70.

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