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Topside Hesitation Continues.......>

DOLLAR-YEN TECHS: Topside Hesitation Continues
*RES 4: Y111.49 High Jan 18 
*RES 3: Y111.39 High May 21 
*RES 2: Y111.18 High May 22 
*RES 1: Y110.93 High June 29
*PRICE: Y110.54 @ 2130GMT
*SUP 1: Y110.38 Low June 29 
*SUP 2: Y109.95 Low June 28 
*SUP 3: Y109.63 55-DMA 
*SUP 4: Y109.01 Hourly support June 1
*COMMENTARY: Bulls failed to gain traction on the marginal pop above Y110.90
with bulls now needing a close above Y110.93 to confirm traction above the
200-DMA (Y110.18) and shift initial focus to Y111.39-98. Bears now need a close
below the 55-DMA to gain breathing room and below Y109.01 to confirm a break of
the 55-DMA and Bull channel base, initially pressuring Y107.85-108.19 where the
100-DMA is found with below Y107.85 to shift focus back to 2018 lows.

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