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DOLLAR-YEN TECHS: 55-dma Underpins
The breach of the major up trendline support at 111.17, failed to re-ignite any
significant downside as support at the 55-dma, currently at 110.73, stemmed any
further losses. A break through here is required to shift the focus firmly lower
(200-dma at 109.99), but the bulls have been in control throughout European
trade. A recovery above 111.87 would stabilise the near-term outlook before