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Pullback Continues,................>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Pullback Continues, Y111.14-Y110.96 Support Gives Way
*RES 4: Y112.63 Jul 20 high
*RES 3: Y112.25/35 Hourly congestion Jul 19-20
*RES 2: Y112.05 Jul 19 low, now resistance
*RES 1: Y111.70 Hourly high Jul 20
*PRICE: Y111.36 @1602GMT
*SUP 1: Y110.90 Hourly support
*SUP 2: Y110.57/65 8 week rising support line, 50% Fibo 
*SUP 3: Y110.28 Jul 4 low
*SUP 4: Y110.05 61.8% Fibo of Y108.11-Y113.18
*COMMENTARY* Friday saw the pullback continue, after peaking at Y113.18 the day
before. Today support from between Y111.14-Y110.96 has given way, an area where
stronger questions would be asked of near term direction. This leaves
Y110.65-Y110.57 as the next key support area. The subsequent bounce through
Y111.30-Y111.35 now has Y111.70 and the Jul 19 low at Y112.05 waiting higher.
Below Y110.57 and look to Y110.28 next.

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