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Rally Continues Toward Next........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rally Continues Toward Next Y111.40-Y111.44 Resistance
*RES 4: Y111.86 1.618 swing of Y110.91-Y109.37
*RES 3: Y111.60 76.4% Fibo of Y113.75-Y104.63
*RES 2: Y111.40/44 May 21 high, 1% volatility band
*RES 1: Y111.14 Intraday high
*PRICE: Y110.94 @0818GMT
*SUP 1: Y110.45/50 Hourly support
*SUP 2: Y110.05 Jun 25 high, now support
*SUP 3: Y109.69 5 week rising support line, Jun 27 low
*SUP 4: Y109.37 Jun 25, Jun 26 lows
*COMMENTARY* Has continued to improve since the setback to Y109.37 at the end of
last month. This week has seen a rally through the previous Y110.91 high,
reaching Y111.14 so far today, as we move towards the next set of resistance
between Y111.40-Y111.86. Support remains from above Y110.50-Y110.45 for the time
being. This protecting against a deeper Y110.05-Y109.69 fall, the latter the Jun
27 low and also where the recent uptrend lies.

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