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AUSSIE-YEN: Failure to take out technical............>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: Failure to take out technical resistance near Y88.00 has said to
have led to prop accounts booking profits, the risk barometer cross since fading
from near Y87.80 to a low so far of Y87.49. Y87.91 marks the 61.8% fibonacci
retracement on the Y88.43 to 85.45 decline, just above at Y87.94 lies the daily
ichimoku cloud top. MNI's technician Kyle Shortland notes, 'bulls need a close
above Y88.02 to end bearish hopes and shift focus to Y88.81-89.42 where 2017
highs are noted'. Downside, support is found at Y87.10 (Sep11 low). Aussie-yen
was last at Y87.56.

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