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Bulls Focused on 200-DMA *RES 4:...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Focused on 200-DMA
*RES 4: Y112.42 High July 20 
*RES 3: Y112.20 200-DMA 
*RES 2: Y112.19 High July 26 
*RES 1: Y111.88 High Sept 19
*PRICE: Y111.50 @ 0430GMT
*SUP 1: Y111.11 Hourly support Sept 18 
*SUP 2: Y110.99 Hourly support Sept 18 a 
*SUP 3: Y110.62 Hourly support Sept 15 
*SUP 4: Y110.29 Hourly resistance Sept 15 now support
*COMMENTARY: The close above Y111.33 added support to the bullish case and sees
focus on the 200-DMA. Bulls look for a close above the 200-DMA to shift initial
focus to July highs (Y114.49) & overall focus to 2017 highs (Y118.61). Bears
still look for a close below Y110.99 to ease bullish pressure and below Y110.62
to shift initial focus back to Y109.55. The Bollinger top (Y111.80) remains the
key concern for bulls although studies approaching O/B is less than ideal.

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