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Free AccessY109.95-110.74 Support Region......>
DOLLAR-YEN TECHS: Y109.95-110.74 Support Region Key
* The break below the 21-DMA (Y111.36) and daily bull channel base off 2018 lows
lacked follow through with the pair bouncing from just below Y110.75.
* Bears now need a close below Y110.74 to confirm breaks of the 21-DMA and bull
channel base and add weight to the case for a test of the Y109.95 support.
* Below Y109.95 then pressures Y108.96-109.01 where the 100-DMA is noted. *
Bulls look for a close above Y111.54 to gain breathing room and above Y111.90 to
return focus to Y113.26 where the 200-WMA is found.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.