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Remains Vulnerable *RES 4:.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Remains Vulnerable
*RES 4: 110.36 76.4% of the Mar 24 - May 6 decline
*RES 3: 109.85 High Jun 5 and key resistance
*RES 2: 108.54 High Jun 9
*RES 1: 107.87 High May 10
*PRICE: 107.50 @ 06:03 BST Jun 16
*SUP 1: 106.58 Low Jun 11 and intraday bear trigger
*SUP 2: 106.40 Low May 11
*SUP 3: 105.99 Low May 6/7 and key support
*SUP 4: 105.81 Low Mar 17
USDJPY is consolidating and following last week's sell-off, remains vulnerable.
A bearish theme was confirmed on Jun 8. A bearish engulfing candle on this day
highlighted a shift in sentiment. Support at 107.09, May 29 low has been cleared
reinforcing bearish conditions and this signals scope for a move towards the key
support at 105.99, May 6 and 7 low. Initial resistance is at 107.87, the Jun 10
high.

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