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Heading Higher: *RES 4: 109.37.....>

DOLLAR-YEN TECHS: Heading Higher:
*RES 4: 109.37 61.8% April - August Decline
*RES 3: 109.32 High Aug 1 and a key resistance
*RES 2: 109.07 200-DMA
*RES 1: 108.63 High Oct 11
*PRICE: 108.34 @ 04:48 GMT Oct 15
*SUP 1: 107.85 Low Oct 11
*SUP 2: 106.81 Low Oct 8
*SUP 3: 106.48 Low Oct 10
*SUP 4: 106.33/26 3.0% Lower Bollinger Band / Low Sep 5
The USDJPY bullish outlook remains intact following recent strong gains. Friday
saw the pair trade above the bull trigger at 108.48, Sep 18 high confirming a
resumption of the uptrend that has been in place since Aug 26 low. This sets the
stage for a test of the 200-DMA at 109.07. A move above the average would open
109.32, Aug 1 high and 109.93, May 30 high. Initial support lies at 107.85.

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