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Bulls Look To Extend Through 112...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Look To Extend Through 112
USDJPY managed to close marginally above the key 112 level on Friday and remains
clear of its in Asian trading as the Mar 5 high at 112.14 comes into focus ahead
of the 50% retracement level of 125.86-99.02 at 112.44. A break above here would
open the Dec 19 high & 50-mma at 112.67/70. Bears need to clear the 100-dma &
Apr 10 low at 110.88/84 to re-ignite downside momentum, opening the 38.2%
retracement level of 104.56-114.55 & Mar 29 low at 110.73/54.

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