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Below Y109.27 Targets 2017 Low.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Below Y109.27 Targets 2017 Low
*RES 4: Y111.31 55-DMA 
*RES 3: Y111.05 High Aug 4 
*RES 2: Y110.62 Hourly support Aug 16 now resistance 
*RES 1: Y110.23 Hourly resistance Aug 16
*PRICE: Y109.91 @ 0430GMT
*SUP 1: Y109.59 Hourly support Aug 14 
*SUP 2: Y109.27 Hourly resistance Aug 14 now support 
*SUP 3: Y108.69 Monthly Low June 14 
*SUP 4: Y108.10 2017 Low Apr 17
*COMMENTARY: The recovery from Friday's lows appears to have ended with the pair
capped ahead of key DMAs. Bulls now need a close above Y110.62 to return focus
to Y111.05-31, above the 55-DMA to hint at a shift higher in focus and above the
200-DMA to target Y114.50-115.50. Bears look for a close below Y109.27 to again
target Y108.10-69 where 2017 lows are situated. Daily studies have corrected
back to more neutral levels which adds weight to the bearish case.

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