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Trades through the 107.61 Fibo,....>

DOLLAR-YEN TECHS: Trades through the 107.61 Fibo, focus now on 106.50:
*RES 4: 109.02 Low May 13
*RES 3: 108.80 High Jun 11 and key short-term resistance
*RES 2: 108.63/69 20-day EMA, trendline resistance off the Apr 24 high
*RES 1: 107.81 Low Jun 5 and recent bear trigger
*PRICE: 107.11 @ 04:36 GMT June 21
*SUP 1: 107.00 Round number support
*SUP 2: 106.50 Bear channel base off Apr 24 high/76.4% Jan 3-Apr 24 rally
*SUP 3: 106.00 Round number support
*SUP 4: 104.67 Jan 3 low
USDJPY hit fresh cycle lows Thursday, extended losses in Asia. Break of 61.8%
retracement of Jan 3-Apr 24 rally at 107.61 was also confirmed yesterday,
cementing bearish conditions and extending price sequence of lower lows and
lower highs. Attention now on 76.4% retracement at 106.50. Note, this level also
represents bear channel base highlighting potentially significant support handle
at 106.50.

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