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Based Around 100-DMA USDJPY........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Based Around 100-DMA
USDJPY based around support from the 100-dma with the recovery extending to
112.75. 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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