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21-DMA Support Under Threat The....>

DOLLAR-YEN TECHS: 21-DMA Support Under Threat
The failure to overcome the 110 level last week has shifted the near term
outlook bearish with the 21-dma & Jan 18 low at 108.99 coming back into focus. A
break below here would bring open a run at the 108.00 level, below which would
suggest a resumption of the broader bearish trend. On the upside a clean break
above 110 is needed to extend the recovery towards the 100-wma at 110.87, ahead
of the 200-dma at 111.27.

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