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Remains Capped Ahead Of 200-DMA....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Remains Capped Ahead Of 200-DMA
*RES 4: Y111.22 High Jan 22 
*RES 3: Y110.48 55-WMA 
*RES 2: Y110.18 200-DMA 
*RES 1: Y110.02 High May 2
*PRICE: Y109.41 @ 2130GMT
*SUP 1: Y108.81 Low May 8 
*SUP 2: Y108.71 21-DMA 
*SUP 3: Y108.53 Low Apr 24, 100-DMA 
*SUP 4: Y107.85 High Apr 20 now support
*COMMENTARY: Yet another rejection ahead of the 200-DMA and 55-WMA is a concern
for bulls and leaves the pair looking offered. Bears now need a close below
Y108.53 to confirm breaks of 21 & 100-DMAs with focus then shifting to
Y106.57-107.85 where the 55-DMA (Y107.26) is located. Bulls continue to look for
a close above the 55-WMA to confirm initial focus on Y111.22-98 and overall
focus to tests of 2018 highs.

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