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Vertigo *RES 4: 113.71 High Dec....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Vertigo
*RES 4: 113.71 High Dec 13, 2018
*RES 3: 112.41 2.0% 10-dma envelope
*RES 2: 112.40 High Apr 24, 2019
*RES 1: 112.23 High Feb 20
*PRICE: 111.84 @ 17:10 GMT Feb 20
*SUP 1: 109.53 Low Feb 7 and key intraday support
*SUP 2: 109.30 Low Feb 5
*SUP 3: 108.55 Low Jan 4
*SUP 4: 108.31 Low Jan 31
It seems bulls got a touch of vertigo Thursday as markets failed to hold onto
much of the gains after the rally through 112. Nonetheless the impulsive rally
seen this week has momentum rolling in favour of bulls. Resistance sits firm at
112.40, but a close above would open 113.71 in the medium-term. To slow the
incline from here, bears need to temper markets back below 111 initially.

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