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100-DMA Acts As Support USDJPY.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 100-DMA Acts As Support
USDJPY briefly dipped back under 111.00 before finding some support at the
100-dma at 110.91. However, the b ounce has lacked momentum keeping the focus on
the downside. Below the 100-dma would extend the downtrend to the 38.2%
retracement of 104.56-114.55 & Mar 29 low at 110.73/54. Bulls need to recover
the 200-dma at 111.50 to stabilise the outlook, before challenging the Apr 5
high at 111.82.

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