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Still Consolidating Below Key......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Still Consolidating Below Key Resistance
*RES 4: 109.38 High Apr 6
*RES 3: 108.85 50% retracement of the Mar 24 - May 6 decline
*RES 2: 108.59 High Apr 10
*RES 1: 108.08/09 High Apr 16 and 17 / High May 19
*PRICE: 107.76 @ 10:42 BST Jun 2
*SUP 1: 107.09 Low May 29 and key intraday support
*SUP 2: 106.74 Low May 13
*SUP 3: 106.40 Low May 11
*SUP 4: 105.99 Low May 6 and 7 low and bear trigger
USDJPY continues to consolidate with 107.09, Friday's low, the key intraday
support going forward. For any upside bias to accelerate, prices must top key
near-term resistance of 108.08, May 16/17 high and 108.09, May 19 high.
Clearance of this zone would signal a bullish reversal. A failure to hold above
Friday's low of 107.09 would open 106.74, May 13 low and a key support. A break
would resume a bearish focus exposing 105.99, May 6/7 low.

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