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Focus Is On 109.73 *RES 4:.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Focus Is On 109.73
*RES 4: 110.96 High May 6
*RES 3: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 2: 109.93 High May 30
*RES 1: 109.73 High Dec 2 and key resistance
*PRICE: 109.40 @ 10:27 GMT Dec 23
*SUP 1: 108.99 Low Dec 13
*SUP 2: 108.43 Low Dec 4 and Low Dec 9
*SUP 3: 108.24 Low Nov 14 and key support
*SUP 4: 107.89 Low Nov 1
USDJPY is consolidating. The broader picture is unchanged and the outlook
remains bullish. Attention is on the key near-term resistance at 109.73, Dec 2
high. A break of this level would confirm a resumption of the uptrend that has
been in place since Aug 26. This would open 109.93, May 30 high and signal
potential for gains above 110.00. Moving average studies are positive
reinforcing current bullish conditions. Key support is at 108.43.

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