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Back in The Range USDJPY...........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Back in The Range
USDJPY breached the Mar 4 low at 111.66 Wednesday with the corrective pullback
extending toward 111.50. This brings the 100/200-dmas at 111.37/39 back into
view, with a break opening up trendline support at 111.00. To reignite upside
momentum bulls need to clear the 112 level, which has so far proved hard to
overcome. Consolidation above would target the Mar 5 high & channel top
resistance at 112.14/34.

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