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Rejects break of 105.50: *RES 4:...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rejects break of 105.50:
*RES 4: 107.94/95 Low Jul 24/21-dma
*RES 3: 107.42 50% retracement of Aug fall
*RES 2: 107.21/26 Low Jul 18/100-hma
*RES 1: 107.09 Intraday high
*PRICE: 106.34 @ 15:27 GMT Aug 06
*SUP 1: 105.52/38 Intraday low/Lower Bollinger Band (3%)
*SUP 2: 105.00 Psychological support
*SUP 3: 104.87 YTD low
*SUP 4: 104.56 Low Mar 26 2018
Early Tuesday trade saw USDJPY base ahead of 105.50, before extending the
recovery back above 106.00. Technical indicators remain bearish and the recent
move below key support in the form of the late June low, leaves bears ultimately
focused on round number support at 105.00 and the flash crash lows at 104.87.
Bulls look for a quick recovery above the 108 level to reignite upside momentum.

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