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Below 21-DMA To Ease Bullish.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Below 21-DMA To Ease Bullish Pressure
*RES 4: Y111.49 High Jan 18 
*RES 3: Y111.39 High May 21 
*RES 2: Y111.18 High May 22 
*RES 1: Y110.72 Hourly support May 22 now resistance
*PRICE: Y110.46 @ 0230GMT
*SUP 1: Y110.02 High May 2 now support 
*SUP 2: Y109.81 21-DMA 
*SUP 3: Y109.64 Low May 15 
*SUP 4: Y109.13 Low May 11
*COMMENTARY: Bulls have struggled to gain traction above the 55-WMA (Y110.43)
with topside follow through lacking this week so far. Bulls currently focus on
Y111.49-98. A close above Y111.98 remains needed to target Y112.97-113.75 where
the 200-WMA, Dec and 2018 highs are noted. Bears now need a close below the
21-DMA to ease bullish pressure and below the 55-DMA (Y107.86) to shift focus to
tests of 2018 lows. Correcting modestly O/B studies are a concern for bulls.

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