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Doji reversal intact: *RES 4:......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Doji reversal intact:
*RES 4: 109.59/62 50.0% retracement of Apr 24-Jun 25 decline / High May 31
*RES 3: 109.02 Low May 13
*RES 2: 108.93/99 38.2% retracement of Apr 24-Jun 25 decline / High Jul 10
*RES 1: 108.34/61 200-hma / High Jul 12
*PRICE: 108.19 @ 04.48 GMT July 17
*SUP 1: 107.80 Low Jul 15
*SUP 2: 107.53 Low Jul 3
*SUP 3: 107.10/09 Low Jun 26 / Former channel resistance off the Jul 3 low
*SUP 4: 106.78 Low Jun 25
USDJPY is trading above support at 107.80, the low of Jul 15. The bear channel
breakout on Jul 1 highlighted a bullish price sequence in the pair that remains
in place. Wednesday's activity in candle terms is a doji and suggests the recent
corrective pullback has run its course.The focus is on 108.99 resistance. Today
the former channel top now support, intersects at 107.09 and represents a key
level. However ideally for bulls, 107.80 needs to hold.

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