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21-DMA Support Failure to..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 21-DMA Support
Failure to reclaim 113.00 amid the backdrop of broad-based USD sales, brings the
21-dma at 112.62 into view. A close below returns the neutral outlook with bears
targeting broken trendline resistance turned support at 112.20. The 100-dma is
placed behind at 111.67, ahead of the Oct 26 low at 111.38. Bulls need to
recover the 113 handle to keep the medium-term uptrend intact, before focusing
on a break of 114 and the Oct highs at 114.54.

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