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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Tops Key Resistance
*RES 4: 109.85 High Jun 5 and key resistance
*RES 3: 108.54 High Jun 9
*RES 2: 108.15 1.0% 10-dma envelope
*RES 1: 107.88 High Jun 25
*PRICE: 107.73 @ 16:53 BST Jun 29
*SUP 1: 106.80 Low Jun 26
*SUP 2: 106.07 Low Jun 23 and the intraday bear trigger
*SUP 3: 105.99 Low May 6 and 7 and key support
*SUP 4: 105.81 Low Mar 17
USDJPY topped resistance at 107.64, Jun 16 high in US hours Monday. Earlier last
week the pair cleared support at 106.58, Jun 11 low confirming a resumption of
the sell-off since Jun 5. Despite the subsequent recovery, a bearish outlook is
maintained with the focus on support at 105.99, May 6 and 7 low. This is a key
bear trigger, a break would pave the way for a deeper retracement of the rally
between Mar 9 - 24.

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