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Needs to Secure Close Above 106

DOLLAR-YEN TECHS
  • RES 4: 107.80 2.0% Upper Bollinger Band
  • RES 3: 106.90 High Jul 24
  • RES 2: 106.68/56 50-EMA / 1.0% 10-dma Envelope
  • RES 1: 106.47 High Aug 3
  • PRICE: 105.98 @ 09:48 BST Aug 10
  • SUP 1: 105.32 Low Aug 5
  • SUP 2: 103.09 Low Mar 12
  • SUP 3: 102.02 Low Mar 10
  • SUP 4: 101.19 Low Mar 9 and major support

Early Monday trade sees the pair again pressuring the 106 figure, with bulls needing to secure a close above to unlock any further leg higher. In the first half of last week, prices spiked to 106.47, which remains the first upside target. To the downside, 103.67 marks key support, the 76.4% retracement.

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