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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: Y110.25 @ 2030GMT
*SUP 1: Y110.12 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 the pair remaining
heavy and bears now focused on Y108.69-109.70 where the 55-WMA and monthly lows
are situated. Layers of resistance are building with bulls needing 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. O/S daily studies and the Bollinger base
remain key concerns for bears with potential to limit follow through.

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