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55-dma Remains Key USDJPY failed...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 55-dma Remains Key
USDJPY failed to build on gains, breaching major up trendline support at 111.17.
The 55-dma, currently at 110.73 remains the key support area on a closing basis.
A break through here is required to shift the focus firmly lower to the 200-dma
at 109.99 and the Ichimoku cloud top at 109.76. Bulls need to regain 111.87 to
stabilise the near-term outlook before targeting 112.15.

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