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Recovering trend: *RES 4: 109.02...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovering trend:
*RES 4: 109.02 Low May 13
*RES 3: 108.93/99 38.2% of the Apr 24-Jun 25 decline / High Jul 10
*RES 2: 108.33 High Jul 17
*RES 1: 108.02 High Jul 18
*PRICE: 107.73 @ 15:37 GMT July 19
*SUP 1: 107.21 Low Jul 18
*SUP 2: 107.10/106.90 Low Jun 26 / Former channel resistance off the Jul 3 low
*SUP 3: 106.78 Low Jun 25
*SUP 4: 106.00 Round number support
The 76.4% retracement of the Jun-Jul rally cushioned falls, with the recovery
extending towards 107.80. A break of the Jul 17 high at 108.33 would be an
encouraging sign for bulls, opening a return to 108.99 resistance. While on the
downside, a break of 107.21 would expose support at 106.78 that also represents
the key bear trigger.

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