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Selling pressure resumes: *RES.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Selling pressure resumes:
*RES 4: 108.80 High Jun 11 and key short-term resistance
*RES 3: 108.42 Trendline resistance drawn off the Apr 24 high
*RES 2: 108.15 200-hma
*RES 1: 107.82 Low Jun 5 and recent bear trigger
*PRICE: 106.81 @ 05:51 GMT June 25
*SUP 1: 106.65 76.4% of the Jan 3-Apr 24 rally
*SUP 2: 106.28 Bear channel base drawn off Apr 24 high
*SUP 3: 106.00 Round number support
*SUP 4: 104.87 Jan 3 low and major support
USDJPY is under pressure once again with selling dominating the Asian session.
The trend remains clearly down as the current sequence of lower lows and lower
highs extends. The move though 107.00 places the focus on the 76.4% retracement
at 106.65. Note that this is just above the bear channel base at 106.28 that
also represents a near-term objective. 107.82, the Jun 5 low and recent breakout
level marks resistance.

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