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Revisits lower levels: *RES 4:.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Revisits lower levels:
*RES 4: 107.57 High Aug 2
*RES 3: 107.25 50-dma
*RES 2: 106.98 High Aug 13 and key resistance
*RES 1: 106.74 Aug 23 high and recent congestion area
*PRICE: 105.89 @ 16:10 GMT Sep 3
*SUP 1: 105.59 Low Aug 27
*SUP 2: 104.46 Low Aug 26 and YTD low
*SUP 3: 104.00 Psychological round number
*SUP 4: 103.66 76.4% retracement of the Jun - Dec, 2016 rally
After several sessions of consolidation, USDJPY made a decent move lower Tuesday
but was unable to snap out of the recent range. Bears need to press prices
through the 105.59 level to open further losses, with the psychological support
at 104.00 the medium-term target. To the upside, a 106.98 break, the Aug 13
high, would represent an important bullish development and a potential reversal.

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