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Bears Still In Control Despite.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Still In Control
Despite staging a slight recovery off yesterday's lows, upside has failed to
follow through keeping the focus on the downside and on the 109.75 level. Below
here opens 109.65 from the Feb 8 low ahead of the 38.2% retracement of the
Jan-Mar rally at 109.36. Bulls need to recover 111.00 & the 100-dma at 111.18 to
stabilise the outlook, above here brings the 200-dma & broken channel
support-turned-resistance into view at 111.45/70.

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