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Bears in Charge While USDJPY.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears in Charge
While USDJPY continues in its range, failure to hold above 111.50 and the drop
under its 21 and 55-dmas gives bears the upper hand. Bears continue to target
the 100-dma which is within touching distance at 110.52. A break below here
would target the 200-dma & August lows at 109.80/78. A close above yesterday's
high of 111.76 would see bulls regain the upper hand and focus on the July 19
high at 113.17.

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