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DOLLAR-YEN TECHS: Bears Refuse To Give Up 114
USDJPY continues to fail to close above 114 with weakness yesterday extending to
113.30. Bears need a break below the Nov 7 low at 112.95 to capitalise on
stalling upside momentum, opening the 21-dma & up broken trendline
resistance-turned-support at 113.04/112.87. Bulls need to close above 114 to
open the ytd high at 114.55. Above here confirms the bigger picture bullish
trend, opening option-related resistance at 115.