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Multi-month Lows: *RES 3: 108.42...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Multi-month Lows:
*RES 3: 108.42 Trendline resistance drawn off the Apr 24 high
*RES 2: 107.99 200-hma
*RES 1: 107.82 Low Jun 5 and recent bear trigger
*RES 1: 107.54/57 Jun 24 high/100-hma
*PRICE: 107.13 @ 08:39 GMT June 25
*SUP 1: 106.78/65 Intraday low/76.4% of the Jan 3-Apr 24 rally
*SUP 2: 106.28 Bear channel base drawn off Apr 24 high
*SUP 3: 106.00 Round number support
*SUP 4: 104.87 Jan 3 low and major support
Risk-off flows dominated price action through Asia/Europe to 106.78, its lowest
levels since the Jan 3 flash crash. Despite squeezing back above 107.00,
recovery efforts have so far held shallow and keeps the downtrend intact. Bears
immediate focus turns to the 76.4% retracement at 106.65, a break opens the bear
channel base at 106.28 which also represents a near-term objective. 107.82, the
Jun 5 low and recent breakout level marks resistance.

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