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Trades Lower: *RES 4: 109.32.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Trades Lower:
*RES 4: 109.32 High Aug 1 and key resistance
*RES 3: 109.00 Round number resistance
*RES 2: 108.47/48 High Oct 1 / Sep 18 High and bull trigger
*RES 1: 107.89 High Oct 2
*PRICE: 106.82 @ 04:48 GMT Oct 4
*SUP 1: 106.47 50% retracement of Aug26-Sep18 rally
*SUP 2: 106.41 3.0% Lower Bollinger Band
*SUP 3: 106.33 Low Sep 5
*SUP 4: 106.00 61.8% retracement of Aug 26-Sep18 rally
USDJPY has failed to hold above the former key short-term support at 106.96, Sep
24 low. The move lower and yesterday's close below 106.96 exposes the pair to a
deeper pullback, with 106.47 and 106.33 initial objectives. It is possible, this
weeks sell-off is merely a correction. If so, the 61.8% retracement of Aug 26 -
Sep 18 rally, 106.00 marks a key support and would likely to hold. A move higher
would refocus attention resistance at 108.84, the bull trigger.

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