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Bulls Better Off Again *RES 4:.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Better Off Again
*RES 4: 111.99 61.8% 2017 - 2020 sell-off
*RES 3: 110.36 76.4% of the Mar 24 - May 6 decline
*RES 2: 110.00 Round number resistance
*RES 1: 109.85 Intraday high
*PRICE: 109.71 @ 10:40 BST Jun 5
*SUP 1: 108.61 Low Jun 4
*SUP 2: 108.09 High May 19 and former breakout level
*SUP 3: 107.51 Low Jun 2
*SUP 4: 107.09 Low May 29 and key near-term support
USDJPY remains outright bullish having topped 108.08/09, the May 16/17/19 highs
that brought to an end the recent period of consolidation. The pair has also now
cleared the 108.85 Fibonacci retracement to further cement a bullish condition.
Attention shifts to 110.36, 76.4% of the Mar 24 - May 6 sell-off. Initial
support is at 108.09 ahead of Tuesday's 107.51 low. A break of 107.09, May 29
low is required to reverse the trend.

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