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Bears In Charge Despite a slight...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears In Charge
Despite a slight recovery off of Friday's lows USDJPY remains on the back foot
with bears looking for a break below 109.27 to extend the selloff to the May 13
low at 109.02 & 109.00 level. Below here opens the 50% retracement of
99.02-118.66 & Jan 31 low at 108.84/50. Bulls need to recover the 110 level on a
closing basis, before challenging the 21 & 100-dma's at 110.27/56.

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