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

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 100-DMA Providing Strong Base
The broader uptrend remains intact and USDJPY was close to Monday's highs at the
time of writing. USDJPY encountered strong support again Monday 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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