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21-DMA Acting As Resistance The....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 21-DMA Acting As Resistance
The rally in USDJPY stalled just ahead of the 21-dma at 112.97 yesterday, with
bulls needing to overcome this level to target YTD high at 114.55. Bears need to
see a close back below 112 to bring up trendline support at 111.88 back into
play. The 100-dma is placed behind at 111.50, a break of which raises the
prospect of a reversal pattern.

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