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Bull Trigger Breached: *RES 4:.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bull Trigger Breached:
*RES 4: 109.37 61.8% April - August Decline
*RES 3: 109.32 High Aug 1 and a key resistance
*RES 2: 109.07 200-DMA
*RES 1: 108.63 High Oct 11
*PRICE: 108.33 @ 04:58 GMT Oct 14
*SUP 1: 107.85 Low Oct 11
*SUP 2: 106.81 Low Oct 8
*SUP 3: 106.48 Low Oct 10
*SUP 4: 106.32/33 3.0% Low Sep 5 / Lower Bollinger Band
USDJPY traded above the bull trigger Friday, rallying north of 108.48 and
setting the stage for a test on the 200-DMA at 109.07. This cements bullish
signals emerging from the Oct 3-7 bullish candle pattern (morning star
reversal), which continues to influence the current move higher. Furthermore,
the break of the bull trigger confirms a resumption of the bull trend that
started on Aug 26. This opens 109.32. Initial support lies at 107.85.

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