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Friday highs in view: *RES 3:......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Friday highs in view:
*RES 3: 107.31 50-dma
*RES 2: 106.98 High Aug 13 and key resistance
*RES 1: 106.74 Aug 23 high and recent congestion area
*PRICE: 106.51 @ 16:29 GMT Aug 29
*SUP 1: 104.46 Low Aug 26 and YTD low
*SUP 2: 104.00 Psychological round number
*SUP 3: 103.66 76.4% retracement of the Jun - Dec, 2016 rally
USDJPY inched to the week's best levels Thursday, helping take out resistance at
106.41 and bumping the near-term view more bullish. 106.74 is now well within
range as the next upside target and a climb through here opens 106.98 and the
50-dma at 107.31. Downside momentum is likely to remain erratic going forward,
but some bearish conditions remain in place. The recent failure ahead of 107.00
continues to weigh on the pair. Risk is for a break of 104.46 to open 104.00 and
the 103.66 retracement.

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