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Impulsive Burst Higher *RES 4:.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Impulsive Burst Higher
*RES 4: 109.38 High Apr 6
*RES 3: 109.02 3.0% Upper Bollinger Band
*RES 2: 108.85 50% retracement of the Mar 24 - May 6 decline
*RES 1: 108.66 High Jun 02
*PRICE: 108.60 @ 17:03 BST Jun 2
*SUP 1: 107.09 Low May 29 and key intraday support
*SUP 2: 106.74 Low May 13
*SUP 3: 106.40 Low May 11
*SUP 4: 105.99 Low May 6 and 7 low and bear trigger
USDJPY broke higher Tuesday, taking out key resistance at 108.08/09, May
16/17/19 highs. This marks a bullish reversal, opening 108.85 Fib retracement
and volatility band hurdles ahead at 109.02. A failure to hold above Friday's
low of 107.09 would open 106.74, May 13 low and a key support. A break would
resume a bearish focus exposing 105.99, May 6/7 low.

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