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Coming up in the Asia-Pac session on Monday:


Coming up in the Asia-Pac session on Monday:


Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High

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Bears Need Close Below Y112.57.....>

DOLLAR-YEN TECHS: Bears Need Close Below Y112.57
*RES 4: Y114.72 High Nov 6, LT TL off 2015 High 
*RES 3: Y114.07 High Nov 9 
*RES 2: Y113.74 High Dec 12 
*RES 1: Y113.30 Hourly resistance Dec 13
*PRICE: Y112.52 @ 2000GMT
*SUP 1: Y112.33 Hourly resistance Dec 7a now support 
*SUP 2: Y111.98 Low Dec 6 
*SUP 3: Y111.65 200-DMA 
*SUP 4: Y111.35 Low Nov 29
*COMMENTARY: Recent topside hesitation has seen the pair head lower to taking
out key supports. Bears need a close below to shift focus back to Y110.83-111.67
where monthly lows, 100 & 200-DMAs are noted. Initial resistance is noted at
Y113.30 with bulls needing a close above to ease bearish pressure whereas a
close above Y114.06 is now needed to reconfirm a bullish bias that initially
targets Y114.72 where the LT TL off 2015 highs is found.
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