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Bears Retain Focus On June Low.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Retain Focus On June Low
*RES 4: Y111.39 Hourly resistance July 27 
*RES 3: Y110.98 High Aug 2 
*RES 2: Y110.56 Hourly support Aug 3 now resistance 
*RES 1: Y110.28 Hourly resistance Aug 3
*PRICE: Y110.05 @ 0430GMT
*SUP 1: Y109.71 55-WMA 
*SUP 2: Y109.28 Bollinger band base 
*SUP 3: Y109.25 Low June 15 
*SUP 4: Y108.69 Monthly Low June 14
*COMMENTARY: Bears put an end to correction talk with the pair remaining capped
ahead of Wednesday's highs and fresh 2mth lows that retain initial focus on
tests of June lows and then 2017 lows (Y108.13). O/S daily studies looking to
correct remain the key concern for bears. Bulls now need a close above Y110.56
to ease immediate bearish pressure and above Y110.98 to shift focus back to
layers of resistance Y111.39-112.87 where key DMAs are situated.

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