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Recovers off Fibonacci level:......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovers off Fibonacci level:
*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: 107.97 @ 04:45 GMT July 22
*SUP 1: 107.21 Low Jul 18
*SUP 2: 107.10 Low Jun 26
*SUP 3: 106.78 Low Jun 25 and key support
*SUP 4: 106.00 Round number support
USDJPY has thus far found support at the 76.4% retracement of the Jun 25-Jul 10
rally and is testing the 108.00 handle. Clearance of the Jul 16 high at 108.38
would be an encouraging sign for bulls, opening a return to the key 108.99
resistance. A break here would once again confirm a resumption of the uptrend.
On the downside, a move below 107.21 would instead expose support at 106.78 that
also represents the key bear trigger.

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