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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Remains Capped Ahead Of 200-DMA
*RES 4: Y110.44 55-WMA 
*RES 3: Y110.17 200-DMA 
*RES 2: Y110.02 High May 2 
*RES 1: Y109.56 High May 11
*PRICE: Y109.50 @ 0930GMT
*SUP 1: Y108.81 Low May 8, 21-DMA 
*SUP 2: Y108.53 Low Apr 24 
*SUP 3: Y108.49 100-DMA 
*SUP 4: Y107.85 High Apr 20 now support
*COMMENTARY: Yet another rejection ahead of the 200-DMA and 55-WMA was a concern
for bulls last week and leaves the pair looking offered. Bears now need a close
below the 100-DMA to confirm an easing of bullish pressure and to Y106.57-107.85
where the 55-DMA (Y107.30) 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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