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Consolidating But Remains..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Consolidating But Remains Bullish
*RES 4: 110.96 High May 6, 2019
*RES 3: 110.67 High May 21, 2019
*RES 2: 110.29 High Jan 17 and bull trigger
*RES 1: 110.13 High Feb 12
*PRICE: 110.03 @ 04:56 GMT Feb 19
*SUP 1: 109.53 Low Feb 7 and key intraday support
*SUP 2: 109.30 Low Feb 5
*SUP 3: 108.55 Low Jan 4
*SUP 4: 108.31 Low Jan 31
USDJPY remains in consolidation mode. A bullish technical tone remains intact
following the recent rally off Jan 31 low and focus is on 110.29, the Jan 17
high. This level is also a near-term bull trigger. A break would reinforce
bullish conditions and pave the way for strength towards 110.67, the May 21
high. This would also confirm a resumption of the broader uptrend that has been
in place since late August last year. Initial support lies at 109.53, Feb 7 low.

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