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21-DMA Support Holding Firm........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 21-DMA Support Holding Firm
Despite losing their grip on the 113 level yesterday bulls will take comfort in
the hold above the 21-dma at 112.56, which keeps the positive picture intact. A
recovery of the 113 level is now needed to sift the focus back to 114 and the
Oct highs at 114.54. On the downside, a close below the 21-dma would return the
outlook neutral and target broken trendline resistance-turned-support at 112.20.

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