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Bears Need To Hold 111.50 The......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Need To Hold 111.50
The failure to close above 111.50 last week has given bears some cause for cheer
but the broader trend remains positive and a close above this level would add to
the bullish momentum. Above here, the Aug 1 peak at 112.15 comes into play.
Bears will need a close below 111.00 to shift the outlook back to neutral and
below the 200-dma at 109.83 to return the focus toward the May 29 low at 108.11.

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