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Gaining Traction Above 55-WMA......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Gaining Traction Above 55-WMA
*RES 4: Y112.09 Daily Bull Channel top 
*RES 3: Y111.98 Low Dec 6 now resistance 
*RES 2: Y111.49 High Jan 18 
*RES 1: Y111.39 High May 21
*PRICE: Y110.91 @ 0230GMT
*SUP 1: Y110.44 55-WMA 
*SUP 2: Y110.02 High May 2 now support 
*SUP 3: Y109.73 21-DMA 
*SUP 4: Y109.64 Low May 15
*COMMENTARY: Bullish confidence grows with closes above the 55-WMA ensuring
pressure remains on Y111.49-98. A close above Y111.98 is then needed to target
Y112.97-113.75 where the 200-WMA, Dec and 2018 highs are noted. Bears still need
a close below Y110.02 to gain breathing room and below the 100-DMA (Y108.36) to
shift initial focus back to Y107.34-85 where the 55-DMA is noted. The Bollinger
top (Y111.08) remains the key concern for bulls.

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