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Correction Holding Above Key.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Correction Holding Above Key Y109.87-Y109.79 Support
*RES 4: Y111.52/60 1% vol band, 76.4% of Y113.75-Y104.63
*RES 3: Y111.40 May 21 high
*RES 2: Y111.14 Jul 3 high
*RES 1: Y110.85/95 Hourly resistance
*PRICE: Y110.56 @0723GMT
*SUP 1: Y110.25/28 50% Fibo of Y109.37-Y111.14, Jul 4 low
*SUP 2: Y110.05 Jun 25 high, 61.8% Fibo of Y109.37-Y111.14
*SUP 3: Y109.79/87 76.4% Fibo, 6 week rising support line
*SUP 4: Y109.37 Jun 25, Jun 26 lows
*COMMENTARY* Has continued to improve since the setback to Y109.37 at the end of
last month. This week has seen a rally through the previous Y110.91 high,
reaching Y111.14 so far but unable as yet to test the next set of resistance
between Y111.40-Y111.86. Subsequently correcting gains from that Y109.37 level,
with support from Y110.25-Y110.05 protecting the near term key area between
Y109.87-Y109.79, where the recent uptrend and 76.4% Fibo retrace lie.

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