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Multiyear lows: *RES 3:............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Multiyear lows:
*RES 3: 108.20/23 21-/50-dma
*RES 2: 107.94 Low Jul 24
*RES 1: 107.21 Low Jul 18
*PRICE: 106.64 @ 16:01 GMT Aug 02
*SUP 1: 106.54 Intraday low
*SUP 2: 106.01 Lower 1.0% 10-dma envelope
*SUP 3: 104.87 YTD low
Markets took out key support at the late June low of Y106.78 Friday, triggering
an acceleration down to 106.54. This keeps markets on course for the
medium/long-term target at 104.87, the flash crash low in January. Weakened
bulls look for a quick recovery of the 108 level, which would allow them to
regain some composure before returning to the 50-dma at 108.23.

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