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Focus Is Still On Key Resistance...>

DOLLAR-YEN TECHS: Focus Is Still On Key Resistance
*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: 109.54 @ 10:30 GMT Dec 19
*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 unchanged and consolidating for now. The outlook remains bullish with
attention 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. Momentum studies are positive reinforcing current bullish conditions.
Key support has been defined at 108.43.

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