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Winding higher, but watch for......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Winding higher, but watch for month-end:
*RES 4: 109.02 May 13 low
*RES 3: 108.80 High Jun 11
*RES 2: 108.42 Trendline resistance drawn off the Apr 24 high
*RES 1: 107.82/83 Low Jun 5 and recent bear trigger/200-hma
*PRICE: 107.63 @ 15:54 GMT June 26
*SUP 1: 106.78/65 Low Jun 25 / 76.4% of the Jan 3-Apr 24 rally
*SUP 2: 106.19 Bear channel base drawn off Apr 24 high
*SUP 3: 106.00 Round number support
*SUP 4: 104.87 Jan 3 low and major support
The pair's recovery extended throughout the Wednesday session, resulting in
USDJPY challenging (but failing to break) the Jun5 low and 200-hma. Bulls need
to clear these marks to open 108 and reignite upside momentum. A close north of
here sees trendline resistance at 108.42 come into play. Any move back under
107.00 brings the Jun 25 cycle low & 76.4% retracement back into view.

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