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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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Selling Pressure Dominating *RES...>

DOLLAR-YEN TECHS: Selling Pressure Dominating
*RES 3: 112.40 High Apr 24, 2019
*RES 2: 112.23 High Feb 20 and key resistance
*RES 1: 111.68 High Feb 24
*PRICE: 110.14 @ 16:32 GMT Feb 25
*SUP 1: 110.01 Low Feb 25
*SUP 2: 109.85 Low Feb 19
*SUP 3: 109.68 50-day EMA
USDJPY struggled Monday and that sell-off extended into the Tuesday session. The
moves follow the rejection off last week's high of 112.23 on Feb 20. Momentum
studies are beginning to highlight the risk of a near-term top with recent
readings in overbought territory. The RSI recently entered the 70% range. This
highlights the importance of last week's high of 112.23 as a key resistance. A
break would resume the uptrend. On the downside, the move below 110.33 has
opened 109.85.

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