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Eyeing 108.48 Resistance: *RES.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Eyeing 108.48 Resistance:
*RES 4: 109.32 High Aug 1 and a key resistance
*RES 3: 108.47/48 High Oct 1/Sep 18 High and bull trigger
*RES 2: 107.89 High Oct 2
*RES 1: 107.77 Intraday high
*PRICE: 107.43 @ 05:28 GMT Oct 10
*SUP 1: 106.81 Low Oct 8
*SUP 2: 106.48/47 Low Oct 10 / 50% retracement of Aug 26-Sep 18 rally
*SUP 3: 106.32/33 3.0% Low Sep 5 / Lower Bollinger Band
*SUP 4: 106.00 61.8% retracement of Aug 26-Sep18 rally
USDJPY is pushing higher with support at 106.48, Oct 4 low intact. Activity
between Oct 3-7 confirmed a bullish candle pattern known as a morning star
reversal. The pattern signalled the likely end to the correction between Oct 1 -
Oct 3 and if correct, highlights potential for a climb towards the key
resistance at 108.47 near-term. On the downside, a move below 106.48 would
negate the above prospect and reinstate a bearish focus.

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