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Bullish Momentum Rebuilding........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bullish Momentum Rebuilding
Friday's decline caused some damage to the near-term bullish technical outlook.
However, the broader bullish outlook remains intact. Indeed, bullish momentum is
rebuilding on intraday charts, suggesting a retest of the 112.15 highs of last
week. A break above here would return the focus to the 113.17 July highs. The
rising 55-dma has continued to limit the downside, now placed at 110.67. A break
below here is needed to shift the medium-term outlook bearish.

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