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21-DMA Key Support Area Despite....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 21-DMA Key Support Area
Despite the strong US jobs report, USDJPY has so far failed to build on recent
momentum. Bulls take comfort in the hold from the 21-dma and look for a weekly
close above 113 to regain control. Above here shifts focus to the Oct 31 high at
113.39, ahead of the Oct 8 high at 113.94. On the downside, a close below the
21-dma returns the outlook neutral with bears targeting broken trendline
resistance-turned-support at 112.30.

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