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Holds Onto Recent Gains *RES 4:....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Holds Onto Recent Gains
*RES 4: 109.85 High Jun 5 and key resistance
*RES 3: 108.54 High Jun 9
*RES 2: 108.36 1.0% 10-dma envelope
*RES 1: 108.16 High Jul 1
*PRICE: 107.67 @ 05:55 BST Jul 6
*SUP 1: 107.33 Low Jul 2 and the intraday bear trigger
*SUP 2: 106.80 Low Jun 26
*SUP 3: 106.07 Low Jun 23
*SUP 4: 105.99 Low May 6 and 7 and key support
USDJPY is marginally firmer today and the pair is holding onto last week's
gains. However to reinforce a positive theme, additional bullish follow through
in price is required. A climb would open 108.54 next, the Jun 9 high. On Jun 23,
price traded through support at 106.58, Jun 11 low. This marked a bearish
development and continues to highlight the risk of a resumption of weakness. The
intraday bear trigger is 107.33, Jul 2 low.

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