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Extends gains beyond Friday's NFP........>

DOLLAR-YEN
DOLLAR-YEN: Extends gains beyond Friday's NFP highs:
*RES 4: 109.93 May 30 high
*RES 3: 109.59/62 50.0% retracement of Apr 24-Jun 25 decline / High May 31
*RES 2: 109.02 May 13 low
*RES 1: 108.90/93 Intraday high / 38.2% retracement of Apr 24-Jun 25 decline
*PRICE: 108.73 @ 04:35 GMT July 9
*SUP 1: 108.28 Low Jul 8
*SUP 2: 107.62 Channel resistance now support drawn off the Apr 24 high
*SUP 3: 107.53 Low Jul 3 and key support
*SUP 4: 107.10 Low Jun 26
USDJPY demand extends through Friday's post NFP highs. More importantly, the
recent recovery has defined a key support level at 107.53 and price action is
once again trading outside and above the former bear channel drawn off the Apr
24 high. A price sequence of higher highs and higher lows has also been
confirmed. Further gains are favoured with the focus on the May 13 low at
109.02. A break here would open 109.62, the high of May 31.

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