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21-DMA Acting as Resistance........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 21-DMA Acting as Resistance
Improved risk appetite lifts USDJPY toward the 109.00/05 area which holds
resistance from the 21-dma. Bulls need to recover this level to return the focus
to 110, which has proved hard to overcome this year. A weekly close below the
21-dma keeps the recent downtrend intact with bears targeting the Jan 16 low at
108.38, ahead of a run at the 108 level.

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