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Bears Need Close Below Y109.01.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Need Close Below Y109.01
*RES 4: Y111.18 High May 22 
*RES 3: Y110.90 High June 15 
*RES 2: Y110.62 Hourly resistance June 8 
*RES 1: Y110.23 200-DMA
*PRICE: Y110.08 @ 2130GMT
*SUP 1: Y109.53 Low June 19 
*SUP 2: Y109.18 55-DMA 
*SUP 3: Y109.01 Hourly support June 1 
*SUP 4: Y108.70 Low June 1
*COMMENTARY: The failure to gain traction above the 200-DMA (Y110.23) sees the
pair dipping back towards the Y109.01 support. Bears still need a close below
Y109.01 to initially pressure Y107.85-108.15 where the 100-DMA is found with
below Y107.85 to shift focus back to 2018 lows. Daily studies correcting from
O/B is less than ideal for bulls. Bulls now need a close above Y110.90 to
confirm traction above the 200-DMA and return immediate focus to Y111.39-98.

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