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Correcting *RES 3: 110.67 High.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Correcting
*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: 109.82 @ 17:12 GMT Feb 13
*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
USDJPY traded under pressure Thursday. A bullish technical tone however remains
intact following last week's rally and attention remains 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, the Feb 7
low.

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