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Focus Is On 109.73 Key.............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Focus Is On 109.73 Key Resistance
*RES 4: 110.53 76.4% retracement of the Apr 24 - Aug 26 decline
*RES 3: 110.36 High May 23
*RES 2: 109.87/93 1.0% 10-dma envelope / High May 30
*RES 1: 109.73 High Dec 2 and key resistance
*PRICE: 109.65 @ 06:04 GMT Jan 13
*SUP 1: 109.01 Low Jan 9
*SUP 2: 107.62 Low Jan 8
*SUP 3: 107.10 50% retracement of the Aug 26 - Dec 2 rally
*SUP 4: 106.81 Low Oct 8
USDJPY is bullish following last week's strong rebound. The pair is approaching
key resistance at the Dec 2 high of 109.73. A break would represent a
significant bullish development and confirm a resumption of the underlying bull
trend that has been in place since Aug 26 last year. A break higher would open
109.93 and expose 110.00 and beyond. Support for today lies at 109.01,
Thursday's low.

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