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DOLLAR-YEN TECHS: 200-WMA Next Target
Having struggled to build above 114, risk-off flows pressured to the 113.30
level. Bears need a close below the 200-WMA & Nov 7 low at 113.01/112.95 to
capitalise on the recent downtrend, opening broken trendline
resistance-turned-support at 112.87, ahead of the 100-dma at 112.01. Bulls need
a close above 114, targeting a move toward the ytd high at 114.55. Above here
confirms the bigger picture bullish trend, opening option-related resistance at