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DOLLAR-YEN TECHS: Bulls Take Comfort
USD bulls took comfort on the break of 110.20, extending the rally toward
110.50. Technical studies on the daily charts are starting to generate renewed
bullish signals with topside focus on 110.79/85 which represents the 100-wma &
61.8% retracement level. Above here opens the Dec 28 high & 200-dma at
111.03/28. On the downside, bears need to clear the 21-dma & 61.8% retracement
level at 109.44/18 to change the outlook.