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Consolidating *RES 4: 109.85.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Consolidating
*RES 4: 109.85 High Jun 5 and key resistance
*RES 3: 108.54 High Jun 9
*RES 2: 108.36 1.0% 10-dma envelope
*RES 1: 108.16 High Jul 1
*PRICE: 107.57 @ 10:42 BST Jul 6
*SUP 1: 107.33 Low Jul 2 and the intraday bear trigger
*SUP 2: 106.80 Low Jun 26
*SUP 3: 106.07 Low Jun 23
*SUP 4: 105.99 Low May 6 and 7 and key support
USDJPY is marginally firmer today and the pair is holding onto most of last
week's gains. To reinforce a positive theme, additional gains in price is
required. A climb would open 108.54 next, the Jun 9 high. On Jun 23, price
traded through support at 106.58, Jun 11 low. This marked a bearish development
and continues to highlight the risk of a resumption of weakness. The intraday
bear trigger is 107.33, Jul 2 low.

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