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Remains Bid *RES 4: 109.93 High....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Remains Bid
*RES 4: 109.93 High May 30
*RES 3: 109.32/37 High Aug 1 / 61.8% retracement Apr 24 - Aug 26 decline
*RES 2: 109.29 High Oct 30 and key resistance
*RES 1: 108.90 High Oct 31
*PRICE: 108.86 @ 10:30 GMT Nov 5
*SUP 1: 108.05/107.89 Channel base drawn off Aug 26 low / Low Nov 1
*SUP 2: 107.85 Low Oct 11
*SUP 3: 107.44 38.2% retracement of Aug 26 - Oct 30 rally
*SUP 4: 107.04 Low Oct 10
USDJPY has started the week on a firm note pushing higher too during today's
Asia session. Trendline support managed to hold despite strong selling pressure
last week. The trendline is drawn off Aug 26 low and intersects at 108.05. To
trigger a deeper sell-off, clearance of this level is required together with a
break of last week's 108.89 low. This would open 107.44. For now, the focus is
108.90. A break would be bullish and expose 109.29, the bull trigger.

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