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Trades Through Key Resistance......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Trades Through Key Resistance
*RES 4: 109.85 High Jun 5 and key resistance
*RES 3: 108.54 High Jun 9
*RES 2: 108.13 1.0% 10-dma envelope
*RES 1: 107.88 High Jun 29
*PRICE: 107.72 @ 06:00 BST Jun 30
*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 Monday. A bearish focus has been
in place following last week's breach of support at 106.58, Jun 11 low. This
confirmed a resumption of the sell-off since Jun 5. Although yesterday's breach
of 107.64 is a bullish development, the focus remains on the still present
downside risk with attention on 105.99, May 6 and 7 low. This is a key bear
trigger. On the upside, further gains if seen would open 108.54, Jun 9 high.

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