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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.01 Support Remains Key
*RES 4: Y111.39 High May 21 
*RES 3: Y111.18 High May 22 
*RES 2: Y110.90 High June 15 
*RES 1: Y110.31 Hourly support June 21 now resistance
*PRICE: Y109.96 @ 0430GMT
*SUP 1: Y109.84 21-DMA 
*SUP 2: Y109.53 Low June 19 
*SUP 3: Y109.29 55-DMA 
*SUP 4: Y109.01 Hourly support June 1
*COMMENTARY: The pair remains capped ahead of Y110.90 again having failed to
gain traction above the 200-DMA (Y110.23). Bulls need a close above Y110.90 to
confirm traction and shift initial focus to Y111.39-98. Bears need a close below
Y109.01 to confirm a break of the 55-DMA and initially pressure Y107.85-108.15
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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