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200-DMA Under Pressure USDJPY......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 200-DMA Under Pressure
USDJPY continues to gain support from equity risk appetite with bulls now
looking for a close above the 200-dma at 111.48, just above current levels.
Above here would open down trendline resistance at 111.69, ahead of a run at the
key 112 level. Bears continue to look for a downside break of 110 to return the
focus to the Mar 25 low at 109.71. Below here opens the Feb 7 low & 50%
retracement level at 109.61/56.

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