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Fed plays in favour of bulls:......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Fed plays in favour of bulls:
*RES 4: 109.62 High May 31
*RES 3: 109.32 High Aug 1and key resistance
*RES 2: 109.00 Round number resistance
*RES 1: 108.47 Intraday/Sep 17 High
*PRICE: 108.46 @ 19:30 GMT Sep 18
*SUP 1: 107.46 Low Sep 16 and key intraday support
*SUP 2: 107.23 High Sep 5
*SUP 3: 106.98 High Aug 13 and former breakout level
*SUP 4: 106.62 Low Sep 6
USDJPY extended its bullish move Wednesday, challenging the week's best levels
and keeping the near-term outlook pointed higher. The pair has now cleared the
76.4% retracement of Aug 1 - Aug 26 decline at 108.17, turning focus to 109.00
and 109.32, the latter being the Aug high and the next significant resistance.
Momentum studies are positive, reinforcing the present bullish condition. Key
support sits at 107.46, Tuesday's low.

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