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###POV Y107.47-108.11 Support......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: ###POV Y107.47-108.11 Support Key LT & ST
*RES 2: Y118.65 - Monthly High Dec 15
*RES 1: Y112.54 - 200-DMA
*PRICE: Y109.08 @ 0430GMT
*SUP 1: Y108.11 - 2017 Low Apr 17
*SUP 2: Y107.47 - Monthly High July 21 now support
###POV: Pressure has returned to Y107.47-108.11 which is seen as pivotal for LT
and ST bulls. A weekly close below Y107.47 is needed to hint at a move back to
Y99.08 2016 lows (June 24). Support at Y106.95 (high Nov 10 2016) & Y105.15 (LT
Triangle Base) may slow the move lower but bears will remain focused on Y99.08
until a weekly close above Y108.10 is seen. Chart: https://tinyurl.com/ya9fvvpm
- In order for Dollar-Yen to gain traction below Y107.47-108.11 it is likely
that the US 10-Yr yield will need to have broken below 2.103 2017 lows and most
likely be gaining traction with bears focused on the 1.879% level that was seen
as a double weekly top in late Oct/early Nov 2016. Chart:
https://tinyurl.com/y9l8xvtd

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