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Cycle lows usher in fresh..........>

DOLLAR-YEN TECHS: Cycle lows usher in fresh bearish pressure:
*RES 3: 108.42 Trendline resistance drawn off the Apr 24 high
*RES 2: 107.94/82 200-hma/Low Jun 5 and recent bear trigger
*RES 1: 107.54/44 Jun 24 high/100-hma
*PRICE: 106.94 @ 15:52 GMT June 25
*SUP 1: 106.78/65 Intraday low/76.4% of the Jan 3-Apr 24 rally
*SUP 2: 106.28 Bear channel base drawn off Apr 24 high
*SUP 3: 106.00 Round number support
Risk-off flows dominated price action across Asia-Pac hours to prompt the pair
to print a cycle low of 106.78, its lowest levels since the Jan 3 flash crash.
Despite squeezing back above 107.00, recovery efforts have so far held shallow
and keeps the downtrend intact. Bears immediate focus turns to the 76.4%
retracement at 106.65, a break opens the bear channel base at 106.28 which also
represents a near-term objective. 107.82, the Jun 5 low and recent breakout
level marks resistance.

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