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Bulls Remain In Charge *RES 4:.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Remain In Charge
*RES 4: 111.45 1.236 projection of Aug 26 - Sep 18 rally from Oct 3 low
*RES 3: 110.53/67 76.4% of the Apr 24 - Aug 26 decline / High May 21
*RES 2: 110.36 High May 23
*RES 1: 110.29 Intraday high
*PRICE: 110.15 @ 10:28 GMT Jan 17
*SUP 1: 109.79 Low Jan 15
*SUP 2: 109.45 Low Jan 13
*SUP 3: 109.01 Low Jan 9
*SUP 4: 107.65 Low Jan 8 and key support
USDJPY maintains a bullish theme. This week's break of the key former resistance
at 109.73, Dec 2 high reinforced the positive tone, confirming a resumption of
the uptrend that has been in place Aug 26. Momentum and MA studies are pointing
north reinforcing current bullish conditions. This has opened 110.53, a
Fibonacci retracement and the 110.67, May 21 high next. Initial support is seen
at 109.79, Wednesday's low.

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