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21-dma the Focus At the time of....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 21-dma the Focus
At the time of writing, USDJPY is flirting with the 21-dma and the broken up
trendline from the March lows. A close above here will keep near-term focus on
the upside. Bulls need to overcome the October/November highs of 114.21/54 to
extend the broader bullish trend. On the downside, bears need to close below the
Nov 20 low/100-dma at 112.31/23 to shift the outlook negative. This would open
the Oct 26 low at 111.38. 

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