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Outlook Remains Bullish *RES 4:....>

DOLLAR-YEN TECHS

DOLLAR-YEN TECHS: Outlook Remains Bullish

*RES 4: 110.96 High May 6, 2019

*RES 3: 110.67 High May 21, 2019

*RES 2: 110.29 High Jan 17 and bull trigger

*RES 1: 110.13 Intraday high

*PRICE: 109.97 @ 10:32 GMT Feb 12

*SUP 1: 109.30 Low Feb 5

*SUP 2: 108.55 Low Jan 4

*SUP 3: 108.31 Low Jan 31

*SUP 4: 108.27 76.4% retracement of the Jan 8 - Jan 17 rally

USDJPY edged higher this morning. A bullish tone remains intact following last

week's rally. Attention is on 110.29, the Jan 17 high and the near-term bull

trigger. A break of this level would reinforce bullish conditions and pave the

way for strength towards 110.67, the May 21 high. A break higher would also

confirm a resumption of the broader uptrend that has been in place since late

August last year. Initial support lies at 109.30.

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