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A Tale of Two Moving Averages......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: A Tale of Two Moving Averages
USDJPY based around support from the 100-dma with the recovery running into
resistance at the 50-dma. Broken trendline support-turned resistance comes in
today at 112.76 and will be monitored at the close. Bulls need a convincing
break of the 50% retracement level at 113.21 to open a run at 114.00. Bears need
to retest the Dec 6 low/100-dma at 112.24/28, below which would confirm a
topping pattern, targeting a move down to the 200-dma at 110.63.

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