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Bullish Breakout Positive US.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bullish Breakout
Positive US data underpinned USDJPY with a bullish breakout through the 100 &
200-dma's. A close above 111.39 reignites upside momentum targeting channel top
resistance at 111.93, ahead of the long-term 50% retracement level at 112.44.
Bears need to clear the Feb 15 low & 50-dma at 110.26/109.80 to change the
outlook. Below here would bring the 109.50/55 level back into view which holds
the Feb 6 low & 61.8% fibo support.

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