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Y109.01 Support Remains Key *RES...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.01 Support Remains Key
*RES 4: Y111.18 High May 22 
*RES 3: Y110.90 High June 15 
*RES 2: Y110.62 Hourly resistance June 8 
*RES 1: Y110.23 200-DMA
*PRICE: Y110.34 @ 2130GMT
*SUP 1: Y110.25 Hourly resistance June 20 now support 
*SUP 2: Y109.82 21-DMA 
*SUP 3: Y109.53 Low June 19 
*SUP 4: Y109.24 55-DMA
*COMMENTARY: Bulls take comfort in the close above the 200-DMA (Y110.23) but
look for a close above Y110.90 to confirm traction above the 200-DMA and shift
initial focus to Y111.39-98. Y109.01 support remains key this week. Bears need a
close below this level to confirm a break of the 55-DMA and initially pressure
Y107.85-108.16 where the 100-DMA is found with below Y107.85 to shift focus back
to 2018 lows. Daily studies correcting from O/B is less than ideal for bulls.

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