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Pullback So Far Holds Above Key....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Pullback So Far Holds Above Key Y110.65 Level
*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: Y111.55/70 Jul 23 high, hourly high Jul 20
*PRICE: Y111.09 @1510GMT
*SUP 1: Y110.90 Hourly support
*SUP 2: Y110.65/75 8 week support line, 50% Fibo, Jul 23 low 
*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. Monday saw support from between Y111.14-Y110.96 give way, a low of
Y110.75, this protecting the next key support from Y110.65, a 50% Fibo retrace
level and the 8 week rising support line. The subsequent bounce through
Y111.30-Y111.35 has Y111.55-Y111.70 as resistance to any further progression. In
the interim, Y110.90 now acts as support against a fresh move lower.

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