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Bullish Picture Intact Despite.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bullish Picture Intact
Despite the pullback of yesterday's high, the bullish picture remains intact
with the 112.00 level seen as next key resistance. Confirmation above here would
add to the positive momentum and target the August highs at 112.15 and July 19
high at 113.17, cementing the longer-term outlook. The 21 and 55-dmas continue
to act as support. Bears will need a close below 111.00 to shift the outlook
back to neutral and below the 200-dma at 109.83 to return the focus toward the
May 29 low at 108.11.

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