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Key trendline break: *RES 3:.......>

DOLLAR-YEN TECHS: Key trendline break:
*RES 3: 109.02 May 13 low
*RES 2: 108.80 High Jun 11
*RES 1: 108.53 Intraday high
*PRICE: 108.28 @ 16:42 BST July 1
*SUP 1: 108.07 Intraday low
*SUP 2: 107.63/56 200-hma/Low Jun 28
*SUP 3: 107.10 Low Jun 26
Risk appetite underpinned throughout the Monday session which resulted in USDJPY
breaking key trendline resistance drawn off the Apr 24 high at 108.15. A close
above would be significant as it follows recent reversal Japanese candle
patterns. A hammer formation on Jun 25 and bullish engulfing on Jun 26, which
marked an early warning sign sentiment was shifting. The break confirms a trend
reversal and paves the way for a climb to 108.80 and 109.02 next. Today's
intraday low provides initial support at 108.07.

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