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100-DMA Providing Strong Base......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 100-DMA Providing Strong Base
USDJPY encountered strong support again yesterday at the 100-dma which keeps the
broader uptrend intact. Bulls now need a break of the 76.4% retracement level of
Y114.04-112.24 & Dec4 high at 113.62/66 to open a run at 114.00. Bears need to
break the double bottom support area at 112.20/25, to open a move toward 111.60,
the 200-dma is placed behind at 110.66.

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