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Bearish Reversal Forming The.......>

DOLLAR-YEN TECHS: Bearish Reversal Forming
The 50-dma acted as support on both Thursday and Friday last week with the level
once again under attack. A close below here would go a long way to cementing a
negative medium-term outlook, opening the 100-dma at 111.31 and raising the
prospect of a bearish reversal pattern. Bulls need to recover the 21-dma at
112.94 to target 114 and return the focus to the upside and the Oct 4 & Nov 2017
highs at 114.55/73.

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