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Back below 106.00: *RES 4:.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Back below 106.00:
*RES 4: 107.57 High Aug 2
*RES 3: 106.98 High Aug 13 and key resistance
*RES 2: 106.74 Aug 23 high and recent congestion area
*RES 1: 106.41 High Aug 26
*PRICE: 105.66 @ 04:02 GMT Aug 27
*SUP 1: 104.46 Low Aug 26 and YTD low
*SUP 2: 104.00 Psychological round number
*SUP 3: 103.66 76.4% retracement of the Jun - Dec, 2016 rally
*SUP 4: 102.71 1.00 projection of Aug 1 - Aug 12 decline from Aug 13 high
Having touched a fresh YTD low of 104.46 Monday, USDJPY staged an impressive
bounce yesterday however, it has again been on the offer overnight in Asia. This
recent price action proves downside momentum may be erratic going forward.
Bearish trend conditions however remain in place and the recent failure ahead of
the 107.00 level continues to weigh on the pair. Risk remains for a break of
104.46 that would open 104.00 and the 103.66 retracement.

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