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Bears Need Close Below Y111.54.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Need Close Below Y111.54
*RES 4: Y114.49 Monthly High July 11 
*RES 3: Y113.70 Low July 11 now resistance 
*RES 2: Y112.85 Low July 13 now resistance 
*RES 1: Y112.72 High Sept 21
*PRICE: Y112.35 @ 0210GMT
*SUP 1: Y112.22 Hourly resistance Sept 20 now support 
*SUP 2: Y111.65 Low Sept 21 
*SUP 3: Y111.54 Hourly resistance Sept 20 now support 
*SUP 4: Y111.10 100-DMA
*COMMENTARY: Bulls have so far failed to gain traction above the 200-DMA
(Y112.12) seeing the pair dip back towards Y111.54 Friday. Bears need a close
below this level to confirm a shift in focus to 55 & 100-DMAs and below the
55-DMA to hint at a move back to 2017 lows. Bulls continue to look for a close
above Y112.85 to reconfirm the bullish bias and target Y114.49 July highs. O/B
studies and the Bollinger top (Y112.88) remain key concerns for bulls.

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