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Below 110 The downtrend in.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Below 110
The downtrend in USDJPY has extended through the 110 level in Asian trading
putting the focus squarely on the 109.71/56 area from the Mar 25 low & 50%
retracement level. Below here would suggest a large double top formation is in
play. Bulls look to recover 111, while a break back above the 200-dma at 111.49
is needed to reignite upside momentum and bring the 112 level back into view.

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