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Through Key Resistance *RES 4:.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Through Key Resistance
*RES 4: 109.52 61.8% of the Mar 24 - May 6 decline
*RES 3: 109.38 High Apr 6
*RES 2: 109.06 3.0% Upper Bollinger Band
*RES 1: 108.85 50% of the Mar 24 - May 6 decline and intraday high
*PRICE: 108.55 @ 05:55 BST Jun 3
*SUP 1: 108.09 High May 19 and former breakout level
*SUP 2: 107.51 Low Jun 2
*SUP 3: 107.09 Low May 29 and key near-term support
*SUP 4: 106.74 Low May 13
USDJPY broke higher Tuesday clearing the key resistance at 108.08/09, May
16/17/19 highs and bringing to an end the recent period of consolidation. The
break higher marks an important bullish break and opens the 108.85 Fibonacci
retracement (tested overnight) and volatility band hurdles ahead at 109.06.
Initial support is at 108.09 ahead of yesterday's low of 107.51. A break below
107.09, May 29 low is required to reverse the direction.

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