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200-DMA Gravitates The 200-dma.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 200-DMA Gravitates
The 200-dma at Y111.01 continues to anchor the price on a day-to-day basis,
showing bulls and bears are on level pegging at present. A close above/below
this mark today won't necessarily be the buy/sell signal markets are looking
for, leaving bears eyeing the recent downtrend towards the 38.2% retracement of
the 2018 range at 110.73 and the Aug 21 low at 109.78. Bulls need to recover
Y112.39, the 100-dma to stabilise the short-term outlook.

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