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Still Heading North *RES 4:........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Still Heading North
*RES 4: 110.67 High May 21
*RES 3: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 2: 109.93 High May 30
*RES 1: 109.73 Intraday high
*PRICE: 109.47 @ 16:59 GMT Nov 29
*SUP 1: 109.02 Low Nov 27
*SUP 2: 108.24 Low Nov 14 and key support
*SUP 3: 107.89 Low Nov 1
*SUP 4: 107.57 38.2% retracement of the Aug 26 - Nov 7 rally
The short-term USDJPY outlook remains bullish and the pair has recorded a fresh
trend high overnight at 109.73. Recent gains follow last week's break of
resistance at 109.49, Nov 7 high confirming a resumption of the uptrend that has
been in place since Aug 26. Momentum studies remain in bull mode too. The move
higher opens 109.93 next, May 30 high and 110.50, a Fibonacci projection.
Initial support is at 109.02, Nov 27 low.

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