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Bullish Price Sequence Intact:.....>

DOLLAR-YEN TECHS: Bullish Price Sequence Intact:
*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: 108.94 Intraday high
*PRICE: 108.79 @ 10:03 GMT Oct 17
*SUP 1: 108.16 Low Oct 16
*SUP 2: 107.85 Low Oct 11
*SUP 3: 107.13 Trendline support drawn off Aug 26 low
*SUP 4: 106.81 Low Oct 8
USDJPY bullish outlook remains intact despite a quiet day Wednesday. The bullish
theme was reinforced Tuesday following the clear break of the former bull
trigger at 108.48, Sep 18 high. This confirmed a resumption of the uptrend that
has been in place since Aug 26 low. The focus is on a test of the 200-DMA at
109.07. A move above the average would open 109.32, Aug 1 high and 109.93, May
30 high. Initial support lies at 108.16, Oct 15 low.

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