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Larger FX Option Pipeline

Bears Need Close Below Y113.25.....>

DOLLAR-YEN TECHS: Bears Need Close Below Y113.25
*RES 4: Y115.62 High Jan 19 
*RES 3: Y115.24 Falling LT weekly TL 
*RES 2: Y114.49 Monthly High July 11 
*RES 1: Y114.00 Hourly resistance Oct 28
*PRICE: Y113.61 @ 1930GMT
*SUP 1: Y113.55 Hourly support Oct 26 
*SUP 2: Y113.25 Low Oct 24 
*SUP 3: Y113.06 Hourly support Oct 20a 
*SUP 4: Y112.74 Hourly resistance Oct 19 now support
*COMMENTARY: Bulls repeatedly failed to take out the key Y114.49 resistance last
week with the pair looking a little heavy as a result. Bulls still need a close
above Y114.49 to shift initial focus to Y115.34-62. The Bollinger top (Y114.13)
is the key concern for bulls. Bears now look for a close below Y113.25 to
confirm an easing of bullish pressure and shift focus back to layers of support
Y111.33-112.30 where key DMAs are situated.