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Resuming downtrend?: *RES 4:.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Resuming downtrend?:
*RES 4: 107.57 High Aug 2
*RES 3: 107.18/21 50% retracement of Aug 1 - Aug 12 fall / Low Jul 18
*RES 2: 106.98 High Aug 13 and key resistance
*RES 1: 106.40 Key resistance
*PRICE: 105.39 @ 16:06 GMT Aug 23
*SUP 1: 105.29 Intraday low Aug 23
*SUP 2: 105.05 Low Aug 12 and key support
*SUP 3: 105.00 Psychological support
*SUP 4: 104.87 YTD low
USDJPY has broken sharply lower from the recent consolidation pattern and
appears set to re-test the 105.05 August low. A further break below here will
resume the major downtrend targeting the 104.56 level, which represents the
March low. A break above 106.40 is now needed to suggest stabilisation.

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