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Focus Returns To Key DMAs *RES.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Focus Returns To Key DMAs
*RES 4: Y112.72 High Sept 21 
*RES 3: Y112.53 High Sept 25 
*RES 2: Y112.33 Hourly resistance Sept 25 
*RES 1: Y111.94 Hourly support Sept 25 now resistance
*PRICE: Y111.67 @ 2030GMT
*SUP 1: Y111.48 Low Sept 25 
*SUP 2: Y111.09 100-DMA 
*SUP 3: Y110.57 55-DMA 
*SUP 4: Y110.28 21-DMA
*COMMENTARY: Failure to gain traction above the 200-DMA (Y112.12) leaves the
pair looking heavy and focus back on key DMAs Y110.28-111.09. Bears now look for
a close below to shift immediate focus to Y109.45 and overall focus to tests of
2017 lows. Daily studies correcting from O/B add weight to the bearish case.
Bulls now need a close above Y111.94 to gain breathing room and above Y112.85 to
reconfirm a bullish bias that initially targets Y114.50 July highs.

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