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Above Y110.85 To Gain Breathing....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Above Y110.85 To Gain Breathing Room
*RES 4: Y112.17 200-DMA 
*RES 3: Y111.70 Hourly support July 26 now resistance 
*RES 2: Y111.39 Hourly resistance July 27 
*RES 1: Y110.85 Hourly resistance July 28
*PRICE: Y110.42 @ 0210GMT
*SUP 1: Y110.16 Bollinger band base 
*SUP 2: Y109.70 55-WMA 
*SUP 3: Y109.25 Low June 15 
*SUP 4: Y108.69 Monthly Low June 14
*COMMENTARY: Pressure on Y110.34 has taken its toll with a break in Asian
trading although follow through has been lacking with the Bollinger base and O/S
studies remaining a concern for bears. Bulls now look for a close above Y110.85
to gain breathing room and hint at a bounce back to layers of resistance
Y111.39-112.87 where DMAs are located. While Y110.85 caps initial bearish focus
is now on Y108.69-109.25.

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