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Focus Is On Key Resistance *RES....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Focus Is On Key Resistance
*RES 4: 110.96 High May 6, 2019
*RES 3: 110.67 High May 21, 2019
*RES 2: 110.29 High Jan 17 and bull trigger
*RES 1: 110.02 Intraday high
*PRICE: 109.76 @ 16:16 GMT Feb 7
*SUP 1: 109.30 Low Feb 5
*SUP 2: 108.55 Low Jan 4
*SUP 3: 108.31 Low Jan 31
*SUP 4: 108.27 76.4% retracement of the Jan 8 - Jan 17 rally
USDJPY maintains a bullish tone. This week's gains resulted in the breach of a
number of key near-term resistance levels. Attention is on 110.29, the Jan 17
high and the near-term bull trigger. A break of this level would reinforce
bullish conditions and pave the way for strength towards 110.67, the May 21
high. A break would also confirm a resumption of the broader uptrend that has
been in place since late August last year. Initial support lies at 109.30.

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