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Breaks The Key 110 Level USD/JPY...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Breaks The Key 110 Level
USD/JPY extended its downtrend through the key 110 level to maintain the bearish
outlook. A close below opens the Aug 21 low at 109.78, ahead of the 50%
retracement at 109.56. Bulls need to recover the 200-dma at 111.06 to stabilise
the short-term outlook, before targeting the 111.40 resistance area.

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