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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Focus Still 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: 109.41 @ 09:57 GMT Dec 24
*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 still consolidating. The broader picture 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 still, reinforcing
current bullish conditions. Key support is at 108.43.

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